What is the annual depreciation per sheep

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Reference no: EM133378576

Questions: If you can do it in excel it will be of much help. Than u

The owner of the farm wants to calculate the value of 6 Dorper sheep that she has. The sheep cost $300 each, have an expected useful life of 7 years, and a salvage value of $20 each.

a. Using the straight-line depreciation method, what is the annual depreciation per sheep?

b. Graph how the value of one of these sheep changes if annual depreciation is taken into account, for the straight-line method.

c. Using the straight-line depreciation method, what is the book value of the 6 sheep at 30 months? Build the depreciation table.

d. Using the simple declining balance method, what is the book value of the 6 sheep at 30 months? Build the depreciation table.

Reference no: EM133378576

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