A firm is trying to decide whether to keep an item of construction equipment for another year. The firm has been using DDB for book purposes, and this is the third year of ownership of the equipment, which cost $105000 new. The useful life of the asset was eight years. What was the depreciation in year 2?

Answer rating: 100% (QA)

Cost of asset 105000 Therefore depreciation as per DDB m... View the full answer