A company buys a $72,305 asset. Salvage will be $5,859 at the end of 13 useful life. Using straight line depreciation, what is the total depreciation in year 7?  (Round your answers to the nearest whole number)

A company buys a $84,389 asset. Salvage will be $3,392 at the end of 10 useful life. What is the Book Values in year 6 using straight line depreciation?

A company buys a 38,551 asset that will be depreciated over 12 years with a 1,246 salvage value. What is the depreciation in year 6 using SOYD?

Answer rating: 100% (QA)

Solution a The annual straightline depreciation expense can be calculated as Depreciation Expense Cost Salvage Value Useful Life Depreciation Expense ... View the full answer