Discover answers to your questions with Westonci.ca, the leading Q&A platform that connects you with knowledgeable experts. Ask your questions and receive accurate answers from professionals with extensive experience in various fields on our platform. Experience the convenience of finding accurate answers to your questions from knowledgeable experts on our platform.
Sagot :
Depreciation costs totaling $18,000 for 2020 and 2021
2022, 2023, 2025 - $14,400
2025 - $17,900
Depreciation costs totaling $18,000 for 2012 and 2013
2014, 2015, 2016 - $14,400
2017 - $17,900
Depreciation is the methodical transfer of an asset's purchase price to the income statement over the course of the asset's anticipated useful life.It is calculated as the asset's depreciable value throughout its expected useful life, where depreciable value is the difference between the asset's cost and salvage value.
Mathematically,
(Cost - Salvage value)/Estimated useful life is the formula for depreciation.
Initial depreciation equals (120,000 - 12,000)/6, or $18,000.
For 2012 and 2013, this sum would be recognized as depreciation.
At the beginning of 2014, the asset's carrying value was equal to $120,000 minus 2($18,000) = $84,000.
The company's engineers reevaluated their projections in 2014 (the third year of the equipment's life) and predicted is the methodical transfer of an asset's purchase price to the income statement over the course of the asset's anticipated useful life.It is calculated as the asset's depreciable value throughout its expected useful life, where depreciable value is the difference between the asset's cost and salvage value.
Mathematically,
(Cost - Salvage value)/Estimated useful life is the formula for depreciation.
Initial depreciation equals (120,000 - 12,000)/6, or $18,000.
For 2020 and 2021 this sum would be recognized as depreciation.
At the beginning of 2014, the asset's carrying value was equal to $120,000 minus 2($18,000) = $84,000.
The company's engineers reevaluated their projections in 2022 (the third year of the equipment's life) and predicted
Learn more about Depreciation by using this link:
https://brainly.com/question/15897769
#SPJ4
Visit us again for up-to-date and reliable answers. We're always ready to assist you with your informational needs. Thanks for using our platform. We aim to provide accurate and up-to-date answers to all your queries. Come back soon. Westonci.ca is committed to providing accurate answers. Come back soon for more trustworthy information.