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An asset was purchased for 64 000 and ong na et ated to have a use u only 2 years with a residual value of
An asset was purchased for 64 000 and ong na et ated to have a use u only 2 years with a residual value of $1,680 o c 10 years with a residual va-of u 200. Afe t years of stright ine t as deten re that the re lier thea at a e edato ing se a) Determine the amount of the annual depreciation for the first two years b) Determine the book value at the end of Vear 2 c) Determine the depreciation expense for each of the remaining years after revision
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