Question

2. Take an overview of different methods of depreciation and compare. An asset was purchased for $ 96,000 with an estimated service life of 7 years and has a salvage value of $ 12,000. Calculate its depreciation using straight line (sld), declining balance (dbd), double declining (ddb) and sum of years digits (syd) methods. Prepare a plot of book value against number of years and compare the results obtained by different results.

Answer 1

Explanation:

preparea aplot ofbookvalueagainst number ofyear and compare