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1. Using the straight-line method, depreciation is calculated as ($590,000 - $45,000 residual value) / 5 years = $109,000 per year. For the first year ending June 30, 2015 it is $54,500 and for subsequent years it is $109,000. For the final year ending June 30, 2020 it is $54,500. 2. Using the diminishing balance method at a rate of 40%, depreciation is $118,000 for the first year and decreases each year, totaling $545,000 over the 5 years.

Author

Minh Thư

Language

EN