Question
A machine requires a capital investment of $20,000 over a life of 12 years. Salvage value is estimated at $4,000. Determine the depreciation amount on
A machine requires a capital investment of $20,000 over a life of 12 years. Salvage value is estimated at $4,000. Determine the depreciation amount on the 6th year and book value at the end of the 6th year using
a. straight line method
b. sinking fund at 12%
c. sum-of-the-years digits method
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Financial Accounting
Authors: Charles Horngren, William Thomas, Walter Harrison, Greg Berberich, Catherine Seguin
5th Canadian edition
133472264, 978-0133446265, 133446263, 978-0133472264
