Calculate rate of depreciation and depreciation to charged

Assignment Help Accounting Basics

Reference no: EM132723276

Problem 1: On 2010 January 1, Jackson Company purchased equipment for USD 600,000, and installation and testing costs totaled USD 60,000. The equipment has an estimated useful life of 10 years and an estimated salvage value of USD 60,000. If Jackson uses the straight- line depreciation method, the depreciation expense for 2010 is:

Problem 2: Calculate the rate of depreciation and the depreciation to be charged at the end of year, using written down value method? Life of the asset (n) 5 years; Scrap value at the end of 6 years RO 15,000; Original Investment RO 120,000

Reference no: EM132723276

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