Computer equipment was acquired at the beginning of the year at a cost of $56,000 that has an estimated residual value of $3,000 and an estimated useful life of 5 years. Determine the 2nd year’s depreciation using straight-line depreciation

Answer 1

Straight line deprication is always the same. (I hate double declining balance)

(56000 - 3000)/5 = ??? per year

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