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Calculate Annual Depreciation under straight line method from given details Purchase Value $ 2000,Expected Life 5 years,Scrap Value $ 500?

Financial Accounting
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Question added by Anil Lalwani , Chief Accountant , Al Ahli Hospital
Date Posted: 2016/10/07
Upvote (1) Views (5) Followers (3) Answers (3) Report Question
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ahmed safwat
by ahmed safwat , مراجع داخلى , جمعية رجال اعمال اسيوط - المشروع الطبى

The value of annual depreciation = (cost - scrap value) / the number of years of use

300= 1500/5 = The value of annual depreciation = (2000-500) / 5

Monthly depreciation = 300/12 = 25 

manseer muhammed ali
by manseer muhammed ali , Accountant General , Royal Lighting L.L.C & Royal Furnishing LLC

Yearly depreciation =

Monthly depreciation =/ = 

 

Muhammad Jalil Inayatullah
by Muhammad Jalil Inayatullah , Senior Accounts Officer , Raptor Global Logistics (Pvt) Ltd

Yearly depreciation = $300

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