Answer:
3738.23
Step-by-step explanation:
Accelarated Depreciation Percentage = ((cost of asset - salvage value) / years of useful life) x 2
92420 + 19420/15 * 2
So, 111840/15 * 2 = 14912
Company Zeta depreciation expense under the Accelarated Depreciation method is $111840 x 13.33333% = $14912. Company Zeta is essentially expensing 13.33333% of the asset's cost in the first year, and in each subsequent year it will multiply that 13.33333% by the remaining balance to be depreciated
2000 - First Year Depreciation would be Cost of Furniture which included installation will be 111840*13.33333% *(255 (Number of days)/365) = 10417.97 (From Apr 21 to Dec 31 2000)
2001 - Second Year Depreciation would be 111840-10417.97*13.33333% = 13522.93
2002 - Third year Depreciation would be 111840-10417.97-13522.93*13.33333% = 11719.88
2003 - Fourth Year Depreciation would be 111840-10417.97-13522.93-11719.88*13.33333% = 10157.23
2004 - Fifth Year Depreciation would be 111840-10417.97-13522.93-11719.88-10157.23*13.33333%*(155(Number of Day/365) = 3738.23
So, as of June 5th 2004 the Value of Depreciation would be 3738.23