question archive Air handling equipment that costs $15,000 has a life of nine years with a $1,300 SV What is the SL depreciation amount for each year? Choose the correct answer below
Air handling equipment that costs $15,000 has a life of nine years with a $1,300 SV What is the SL depreciation amount for each year? Choose the correct answer below
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Air handling equipment that costs $15,000 has a life of nine years with a $1,300 SV What is the SL depreciation amount for each year? Choose the correct answer below. O A. The SL depreciation amount for each year is $1.522. OB. The SL depreciation amount for each year is $1.811. O C. The SL depreciation amount for each year is $1,594. OD. The SL depreciation amount for each year is $1,667
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Annual straight line depreciation
= (Cost of equipment - Salvage value)/Life of equipment
= ($15000-$1300)/9
= $13700/9
= $1522
Therefore, the correct option is A.
