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depreciation questions, is this correct? Depreciation expense for 10 manufacturing grade sewing machines, sewing machines cost $425 each. using the straight line/prime cost depreciation method
depreciation questions,
is this correct?
- Depreciation expense for 10 manufacturing grade sewing machines, sewing machines cost $425 each. using the straight line/prime cost depreciation method the sewing machines have an effective life of 5 years, $425x(365/365) x 20% = $85 per annum per machine
- also bought a computer at $697 for business it has a useful life of 4 years
- $697x(365/365) x 25%=174.25 per year
are these correct?
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Leadership in organizations
Authors: gary yukl
7th edition
978-0132424318
