Question

What is the depreciation for the current year including equipment?

1) $1,600
2) $1,500
3) $1,700
4) $1,800

Answer 1

To calculate the depreciation for the current year, we need more information about the equipment and its value. Depreciation is the decrease in the value of an asset over time. It depends on factors such as the cost of the asset, its useful life, and its salvage value.

Step-by-step explanation:

To calculate the depreciation for the current year, we need the information about the equipment and its value. Unfortunately, the information you provided (the given values) is not sufficient to determine the depreciation for the current year.

Depreciation is the decrease in the value of an asset over time. It depends on factors such as the cost of the asset, its useful life, and its salvage value.

To calculate the depreciation, we need to know the cost of the equipment, its useful life, and any estimated salvage value. With this information, we can use depreciation methods such as straight-line depreciation or declining balance method to determine the annual depreciation expense.