Plant and equipment which cost 16 000 has an estimated useful life of four years and salvage

Question:

Plant and equipment which cost £16 000 has an estimated useful life of four years and salvage value of £1000 at the end of that time. Calc ulate the annual depre ciation expense and Balance Sheet value at the end of each year of useful life using the following meth ods:

(a) Straight-l ine;

(b) Reducing balance (or doubl e-declining balance);

(c) Sum-of-the-year s digits.

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