An office telephone system cost $32,000.00 with an estimated residual value of $2,000.00. The system has an estimated useful life of 5 years. Using th

Carol Gates

Carol Gates

Answered question

2021-06-16

An office telephone system cost $32,000.00 with an estimated residual value of $2,000.00. The system has an estimated useful life of 5 years. Using the sum-of-the-years-digits method, the amount of depreciation for the fourth year is

Answer & Explanation

FieniChoonin

FieniChoonin

Skilled2021-06-17Added 102 answers

Sum of the Years' Digits = nn+12=15(n=5) now the The forth year depreciation is 215 of $34,000.00=4533.3333

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