Agrokinsey Inc. acquires a new piece of equipment in the beginning of 2016 at a cost of €20,000. The company estimates that the equipment’s useful life is 10 years and its salvage value €4,000. Agrokinsey follows the straight-line depreciation method. Answer the following five questions:
1. What is the depreciable amount of the equipment (i.e. total value of the equipment to be depreciated)?
A. €20,000
B. €4,000
C. €16,000
Answers
Answered by
1
Answer:
hoose the right answer from the given options (Each
1. How many categories of acounting are there?
Explanation:
Answered by
1
Answer:
16,000.00
Explanation:
Using the straightline method
Annual Depreciation = Original cost - salvage Value / useful life
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