contestada

Using the straight-line method, what is the depreciation expense for a computer that cost $4,500, has a residual value of $700, and has a life of four years?

Respuesta :

1 st year= 4500
depreciation=700
after dep. 3800
because of straight line method value will be same

Answer:

$950

Step-by-step explanation:

Depreciation = (Cost - Residual value) / Useful life

Cost = $4,500

Residual value = $700  

Useful life = 4 years

Depreciation = (4500 - 700) / 4

Depreciation = $950