Shiv D. answered 06/18/19
Experienced Finance Professional for Finance and Excel Tutoring
Hello!
Yearly Depreciation: 300,000 / 7 = 42,857
Book Value: 300,000 - (42,857 * 5) = 85,715
Mark W.
asked 06/02/19A new computer system that controls a manufacturing process for Cat Incorporated can be straight-line depreciated to zero over 7.00-years. The cost of the computer system is $300,000.00, and it will also cost $23,511.00 to install and deliver.
What is the yearly depreciation for the computer?
What is the book value of the computer after the fifth year?
Shiv D. answered 06/18/19
Experienced Finance Professional for Finance and Excel Tutoring
Hello!
Yearly Depreciation: 300,000 / 7 = 42,857
Book Value: 300,000 - (42,857 * 5) = 85,715
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