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On June 1, 20--, a depreciable asset was acquired for $5,460. The asset has an estimated useful life of five years (60 months) and no salvage value. Using the straight-line depreciation method, calculate the book value as of December 31, 20--. If necessary, round your answer to two decimal places.

User Selim
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1 Answer

1 vote

Answer:

$4823

Step-by-step explanation:

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

5460 / 5 = 1092

7/12 X 1092 = 637

5460 - 637 = 4823

User Eric MSFT
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