Question

a truck was purchased for 182000 and it was estimated to have a 38000 salvage value at the end of its useful life

Answer 1

Depreciation is the decline in a fixed tangible asset's value that results from the coach's purchase price and depreciation.

What do u mean by depreciation?

Depreciation is the accounting term for the process of reducing the value of an asset over the course of its useful life. An asset's depreciation is a gauge of how much use it has received. It allows corporations to make money from the assets they already own by purchasing them over a predetermined period of time.

How does the depreciation formula work?

Straight Line Compute The value = (Cost of Asset - Residual Value) /Asset's Useful Life. The diminishing balance method is (asset cost multiplied by depreciation rate divided by 100). Using the units produced as the unit of measure, the unit of product technique is (Cost of the an Asset - Salvage Value)/Useful Life.

To know more about depreciation visit:

https://brainly.com/question/14861580

#SPJ4