10
Apr
What Are the Different Ways to Calculate Depreciation?
Based on these assumptions, the depreciable amount is $4,000 ($5,000 cost – $1,000 salvage value). So, the depreciation expense for the first year of use of the sewing machine is $1,620. Without doing so could lead to a disastrous impact on the accounts of the business. The salvage value is the carrying value that remains … Read more