Show full work to the correct answer, which is $52713.0 Secure I https:/Nab inst
ID: 1709837 • Letter: S
Question
Show full work to the correct answer, which is $52713.0
Secure I https:/Nab instructure.com/courses/1457413/quizzes/1957536 oluwabul D Material Advantage MaiteringEn v. Golden Blends D Login Shop NEESC Q careers D Heat Treatment/Batch M Editprofile 1 out of 5 83 minutes Attempt 1 LATEST Soone for this attempt 1 out of 5 Submitted Apr 23 at 49pm This attempt took e3 minutes. 0/ 1 pts Question 1 An engineering firm spent $80,000 to purchase and install new computer equipment in its office. The computer equipment has ausable lie of6 years with value of $930. The company intends to use the computer equipment ior only 4 years before it will be sold. Determine the total deprciation (sd)a the equipment over 4 years using straight-line (SLI depreciation. Express your answer in Sto the nearest $10. 26562.5000 527130 margin emor 100 1 pts Question 2 An engineering frm spent $190,000 to purchase and install new computer equipment in its office. The computet equipment has a usable lie of 6 years with a salvage value of $840. The company intends to use the computer equipment for only 3 years before it will be sold, Determine the book value (B) ol the computer equipment aiter 3 years using sum of years-digExplanation / Answer
Cost price = 90000 $
Salvage value = 930 $
Book cost(B0) = 80000 -830 = 79070 $
St line Depreciation formulae = 1 / Useful life * 100
1/6 *100 = 16.67 %
Depreciation = 16.67 % * 79070 $ = 13178. 33 $ per year
Straight line depreciation is same every year
Depreciation for four years = 13178.33 * 4 = 52713.33 $