Kalindas business purchased a laptop for 950. It has an estimated useful life of three years and

Question:

Kalinda’s business purchased a laptop for £950. It has an estimated useful life of three years and a scrap value of £200.

She is not certain whether she should use the straight-line or the reducing balance basis for the purpose of calculating depreciation.

You are required to calculate the depreciation (to the nearest £) using both methods, showing clearly the balance of cost minus accumulated depreciation at the end of each year under each method. (Assume that 40% per year is to be used for the reducing balance method.)

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: