Respuesta :
Answer:
The second year's depreciation expense using the straight-line method is $10,200
Explanation:
Depreciation is the systematic allocation of the cost of an asset to the income statement based on the estimated useful life of the asset.
Depreciation = (cost - salvage value)/estimated useful life
where the salvage value is the estimate of the amount that will be received from the disposal of the asset after its useful life.
Annual depreciation
= ($56,000 - $5,000)/5
= $10,200
Answer:
$10,200
Explanation:
Deprecation is way of expensing the cost of an asset.
Deprecation expense using the straight line depreciation method =( Cost of asset - residual value) / useful life
($56,000 - $5,000) / 5 = $10,200
The depreciation expense each year is $10,200.
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