Respuesta :
Answer:
The price of the equipment is 25,000 and at the end of the year the book value is 12,000 which means that the equipment has depreciated by 13,000 (25,000-12,000). So at the end of the period the accumulated depreciation is 13,000 because that is how much the equipment has depreciated.
Explanation:
Answer:
Accumulated depreciation is $13,000
Explanation:
Net book value =Cost-Accumulated depreciation
Accumulated depreciation=Cost -Net Book Value
Cost is $25,000
Net Book Value is $12,000
Accumulated depreciation=$25,000-$12,000
Accumulated depreciation=$13,000
The accumulated depreciation is usually the cost of an item less net book value at end of a period,the accumulated depreciation is $13,000 till date.
The salvage value would been useful if we compute depreciation, which can be done since the useful life of the equipment is not given i,e (cost-scrap value)/useful life.
