Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.
Trending News
Straight line depreciation questions?
1. Machine costs $20,000
Residual value is $2,000
Estimated life is 5 years
Calculate book value at the end of year 1, assuming twice the straight-line rate
2. Car costs $25,000
Residual value is $5,000
Estimated life is 5 years
After 3 years, car was sold for $11,000
Calculate the difference between book value and selling price, using the straight-line method of depreciation.
1 Answer
- 6 years ago
Yearly depreciation = (Cost - Residual Value) / Useful Life (this is the straight-line formula)
Book Value = Cost - Accumulated Depreciation (Year number*yearly depreciation)