5_Depreciation
If an asset has a cost of $12,000 and a salvage value of $3,000, what is the depreciable cost using the straight-line method?
(12,000) - (3,000) 9,000 = answer
Using the straight-line method, what is the depreciation expense of an asset costing $15,000 if it has a useful life of 5 years and a salvage value of $3,000?
(15,000) - (3,000) / 5 2,400 = answer
Under the straight-line method, if the annual depreciation expense is $1,500 and the asset has a cost of $8,000 and a useful life of 3 years, what is the salvage value of the asset?
(8,000) - (x) / 3 = 1,500 3,500 = answer
Using the straight-line method, what is the depreciation expense of an asset costing $10,000 if it has a useful life of 4 years and a salvage value of $2,000?
*Residual Value Question* Asset cost (10,000) - Salvage Value (2,000) / Useful life (4) 2,000 = answer
If the depreciable cost of an asset is $16,000 and it has a useful life of 8 years, what is the annual straight-line depreciation expense?
2,000 ???
If the straight-line method depreciation rate used on an asset is 5%, what is the expected useful life of the asset?
20 years ????
If an asset has a useful life of 4 years, what is the annual straight-line depreciation rate?
25%
If an asset has a cost of $6,000, a salvage value of $1,500, and the annual straight-line method depreciation expense is $1,125, what is the useful life of the asset?
4 years
Using the straight-line method, annual depreciation expense is:
Fixed amount
Another name for salvage value is?
Residual Value