What is the 2nd years depreciation using straight line depreciation? - ProProfs Discuss
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What is the 2nd years depreciation using straight line depreciation? Computer equipment was acquired at the beginning of the year at a cost of $65,000 that has an estimated residual value of $3,000 and an estimated useful life of 5 years.



A. $26,000
B. $24,800
C. $12,400
D. $13,000

This question is part of accounting
Asked by Spoiledbrat, Last updated: Mar 18, 2020

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2 Answers

ali

Ali

Answered Jan 11, 2017

The answers is 65000-3000/5= 62000/5=12400 every year so the question is calculate two year so 124002= 24800
1
 

John Smith

John Smith

Answered Nov 05, 2016

$13,000
 2

itsAnnie

Why did'nt you deduct the estimated residual value of 3000 from the initial cost of 65000 before dividing the answer to the estimated useful life of 5 years? Because that's what i did and I got 12,400. Thank you.

michealson

Michealson

Replied on Jul 09, 2017

Its belongs to 2 yrs have u noticed?

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