Question
Calculate depreciation (create schedule - excel is fine) of an asset costing $5,000,000, depreciating at a rate of 10% per annum (diminishing value), having a
Calculate depreciation (create schedule - excel is fine) of an asset costing $5,000,000, depreciating at a rate of 10% per annum (diminishing value), having a life of 12 years and salvage value of $900,000 at the end of life.
Please show working out / formulas used.
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Finance Applications And Theory
Authors: Marcia Cornett, Troy Adair, John Nofsinger
6th Edition
1264101589, 9781264101580
