Question
A vehicle that depreciate over 5 years, is purchased at a cost of R170000.00 and will have a salvage value of R20000. Calculate its annual line depreciation expense.
197
likes987 views
Answer to a math question A vehicle that depreciate over 5 years, is purchased at a cost of R170000.00 and will have a salvage value of R20000. Calculate its annual line depreciation expense.
Velda
4.5110 Answers
To calculate the annual straight-line depreciation expense, we first need to determine the depreciable amount.
\begin{aligned} \text{Depreciable amount} &= \text{Cost of the vehicle} - \text{Salvage value} \ &= R170000.00 - R20000.00 \ &= R150000.00 \end{aligned}
Next, we calculate the annual straight-line depreciation expense:
\begin{aligned} \text{Annual Depreciation Expense} &= \frac{\text{Depreciable amount}}{\text{Useful life}} \ &= \frac{R150000.00}{5} \ &= R30000.00 \end{aligned}
Therefore, the annual straight-line depreciation expense for the vehicle is $\boxed{R30000.00}$.
\begin{aligned} \text{Depreciable amount} &= \text{Cost of the vehicle} - \text{Salvage value} \ &= R170000.00 - R20000.00 \ &= R150000.00 \end{aligned}
Next, we calculate the annual straight-line depreciation expense:
\begin{aligned} \text{Annual Depreciation Expense} &= \frac{\text{Depreciable amount}}{\text{Useful life}} \ &= \frac{R150000.00}{5} \ &= R30000.00 \end{aligned}
Therefore, the annual straight-line depreciation expense for the vehicle is $\boxed{R30000.00}$.
Frequently asked questions (FAQs)
Question: Determine the absolute maximum and minimum values of the function f(x) = x^3 - 3x^2 - 9x on the interval [-2, 4].
+
Solve: x^3 + 4x^2 - 3x - 10 = 0
+
What is the formula for finding the circumference (C) of a circle with radius (r)?
+
New questions in Mathematics