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Author Question: The life of a dishwasher is 6 years. The original cost of the dishwasher was 4,000 and the salvage ... (Read 96 times)

joesmith1212

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on: Jun 24, 2018
The life of a dishwasher is 6 years. The original cost of the dishwasher was 4,000 and the salvage value was 1,000. What is the first-year depreciation?

Question 2

Jed bought a truck at the beginning of the year for 18,750. The truck has an estimated life of 6 years and a salvage value of 4,500 at the end of the 6-year period. What is the depreciation using the straight-line method?


voltaire123

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

857.14;

Answer to Question 2

2,375;


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