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Please help for depreciation as of December 31,2024 James Company owns the following assets: Fixed Asset Date of Acquisitions Cost Salvage value Useful Life Depreciation
Please help for depreciation as of December 31,2024
James Company owns the following assets:
Fixed Asset | Date of Acquisitions | Cost | Salvage value | Useful Life | Depreciation Method |
Office Equipment | 01/01/2023 | $45,200 | 5,000 | 5 years | Stright line |
Machinery | 01/01/2023 | 125,500 | 15,000 | 5 years | Sum of the years digits |
Office Equipment | 01/01/2020 | $38,400 | 2,000 | 10 years | Double declining |
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