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Author Question: The life of a car is 5 years. The original cost of the car was 25,000 and the salvage value was ... (Read 81 times)

kodithompson

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on: Jun 24, 2018
The life of a car is 5 years. The original cost of the car was 25,000 and the salvage value was 5,000. What is the second-year depreciation?

Question 2

The original cost of a sailboat was 25,000 with an estimated life of 5 years. What is the second-year depreciation?


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Jevvish

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Reply #1 on: Jun 24, 2018
Answer to Question 1

5,333.33;

Answer to Question 2

6,000;


kodithompson

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Reply 2 on: Jun 24, 2018
Gracias!

mjenn52

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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