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Sagot :
Annual depreciation at the end of year 3 is $4,000
What is annual depreciation?
The standard annual rate at which a fixed asset is depreciated is known as annual depreciation. If the straight-line approach is taken, this rate is constant from year to year. If an accelerated technique is utilized, annual depreciation will peak in the early years and then start to fall off in the later years. Divided by the asset's useful life, annual depreciation is equal to the asset's cost less salvage value. The depreciation rate is the total amount depreciated each year, expressed as a percentage.
Annual depreciation
= (the cost of assets - salvage value)/ Estimated useful life
Cost - 22,000
Residual value = 2,000
Estimated useful life = 5 years
Annual depreciation = (22,000- 2,000)/5 =4,000
Annual depreciation = 4,000
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