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Author Question: The depreciation schedule for a piece of office equipment is created in Excel. The cost of the asset ... (Read 153 times)

jayhills49

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on: Jun 24, 2018
The depreciation schedule for a piece of office equipment is created in Excel. The cost of the asset is in Cell C4, the salvage value is in Cell C5, the length of service is in Cell C6, and the depreciable base is in Cell C7. Using the straight-line method of depreciation, what formula should be keyed into Cell C8 to calculate Annual depreciation?

Question 2

Miguel bought a boat at the beginning of the year for 48,000. The boat has an estimated life of 16 years and a salvage value of 19,000 at the end of the 16-year period. What is the book value after the first year?


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Awesome

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

#REF!

Answer to Question 2

46,187.50;
48,000 - 19,000 = 29,000
29,000  16 = 1,812.50
48,000 - 1,812.50 = 46,187.50


jayhills49

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Reply 2 on: Jun 24, 2018
Thanks for the timely response, appreciate it

mjenn52

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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