Calculating Depreciation Expense:

Imported Asset

For each plant asset,

1. Calculate the amount to be depreciated.

2. Calculate the annual depreciation expense using the straight-line method.

3. Calculate the depreciation expense for the first year.

Plant assets Months owned first cost OriginaEstmatec Estmated disposal value useful life $307years 1.500 5 years $100 25 years 450 Cash register Cpter 2 6,500 Conerence 6 table Delivery3 $1,900 36,400 $3,180 $6,400 5 years very