SOLUTION: Your business depreciates computers over a 5-year period. If a computer is purchased for $2350 this yeat and is expected to be worth only $600 at the end of the depreciation period

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Question 133192This question is from textbook Fundamentals of Algebric Modeling
: Your business depreciates computers over a 5-year period. If a computer is purchased for $2350 this yeat and is expected to be worth only $600 at the end of the depreciation period, using the straight-line method, determine the yearly depreciation of the computer.
My answer is: $2350 - 600 = $1,750.
$1750 / 5 = $$350. This question is from textbook Fundamentals of Algebric Modeling

Answer by checkley71(8403) About Me  (Show Source):
You can put this solution on YOUR website!
(2350-600)/5=1750/5=$350 annual depreciation.