Work through each question. Show your reasoning where space is provided.
Name: ____________________ · Date: ____________
1. An asset costs 3200, has residual value 1100 and a useful life of 7 years. Calculate annual straight-line depreciation for a full year; ignore tax rules.
2. An asset costs 7000, has residual value 1400 and a useful life of 4 years. Calculate annual straight-line depreciation for a full year; ignore tax rules.
3. An asset costs 3150, has residual value 350 and a useful life of 4 years. Calculate annual straight-line depreciation for a full year; ignore tax rules.
4. An asset costs 4300, has residual value 300 and a useful life of 4 years. Calculate annual straight-line depreciation for a full year; ignore tax rules.
5. An asset costs 11250, has residual value 450 and a useful life of 4 years. Calculate annual straight-line depreciation for a full year; ignore tax rules.
WorksheetWise · Standard · 1097
Straight-line depreciation — Answer key
Work through each question. Show your reasoning where space is provided.
1. An asset costs 3200, has residual value 1100 and a useful life of 7 years. Calculate annual straight-line depreciation for a full year; ignore tax rules.
2. An asset costs 7000, has residual value 1400 and a useful life of 4 years. Calculate annual straight-line depreciation for a full year; ignore tax rules.
3. An asset costs 3150, has residual value 350 and a useful life of 4 years. Calculate annual straight-line depreciation for a full year; ignore tax rules.
4. An asset costs 4300, has residual value 300 and a useful life of 4 years. Calculate annual straight-line depreciation for a full year; ignore tax rules.
5. An asset costs 11250, has residual value 450 and a useful life of 4 years. Calculate annual straight-line depreciation for a full year; ignore tax rules.
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