431,585 views
32 votes
32 votes
g A machine costing $58,944 with a 6-year life and $55,853 depreciable cost was purchased January 1. Compute the yearly depreciation expense using straight-line depreciation. Round your answer to the nearest whole dollar.

User Rootsmith
by
2.4k points

1 Answer

12 votes
12 votes

Answer:

$9,309

Step-by-step explanation:

Straight line depreciation expense = (Cost of asset - Salvage value) / useful life

DEPRECIABLE COST / USEFUL LIIFE

$55,853 / 6 = $9,309

User Vrushank Doshi
by
2.5k points