preciation Exercise $-$ With Salvage Value

epreciation is used when purchasing a very costly piece of equipment $($Long Term Ass e purpose is to spread out $($allocate$)$ the high cost over a period of years known as th timated useful life of the equipment. By doing this, the organization includes a portio f the total expense on a yearly basis which will result in lower expense on an annual bc ather than a very high cost in one year.

Jsing the worksheet below, complete the following:

$1$ Depreciation Expense per year

$2$ Accumulated Depreciation per year

$3$ Net Remaining Undepreciated Cost

Assumptions are as follows:

A Cost to be Depreciated

B Estimated useful life of the equipment

C Salvage Value

$1,200,000$

$10$ years

Balsheet RevExp $Q_{13}$

$90F$