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Determine annual depreciation by the straight-line method

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Reference no: EM131628119

Question: 1. Station WMAT spent $5,000 for a new television camera. This camera will be replaced in five years. If the scrap value will be $500, determine the annual depreciation by the straight-line method.

2. A tractor for trailers was purchased for $58,000 and has a resale value of $8,000. The tractor is expected to be used for 250,000 miles and is driven 19,740 miles the first year. Find the depreciation for the year.

Reference no: EM131628119

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