SOLUTION: On Jan. 1 2008, purchased a copier for 12,000 dollars. The copier had an estimated life of four years and a salvage value of 2,000. How do I figure this out?

Question 182162This question is from textbook Fundamentals of Financial Accounting
: On Jan. 1 2008, purchased a copier for 12,000 dollars. The copier had an estimated life of four years and a salvage value of 2,000. How do I figure this out? This question is from textbook Fundamentals of Financial Accounting

Answer by Fombitz(32388) (Show Source): You can put this solution on YOUR website!
You didn't ask a question. Figure what out?
Are you looking for the value of the copier for each year?
Hopefully something here will help.
Look at final (salvage) value versus initial value.

Typically you depreciate linearly so each of the four years the value will be reduced by,

On Jan. 1, 2008, the copier's value is $12000.
On Jan. 1, 2009, the copier's value is $9500.
On Jan. 1, 2010, the copier's value is $7000.
On Jan. 1, 2011, the copier's value is $4500.
On Jan. 1, 2012, the copier's value is $2000.

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