A computer workstation cost $35,000,has an expected life of 7 years,and an expected salvage value of $7,000.Depreciation expense using the straight-line method will be $5,000 per year.

Question

Quizplus · Accepted Answer

Depreciation expense using the straight-line method is calculated as (Cost - Salvage Value) / Useful Life. Therefore, ($35,000 - $7,000) / 7 years = $4,000 per year.

A Computer Workstation Cost $35,000,has an Expected Life of 7