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April 18, 2014

Homework Help: accounting-depreciation

Posted by idk on Thursday, October 9, 2008 at 9:11pm.

state-of-the-art MRI machine to be purchased on 01-01-09 for a cost of $1,250,000 with a useful life of 6 years and an expected salvage value of $35,000.
I need to calculate depreciation for the entire 6 year period using SL, SYD, DDB, and MARCS.

For SL and SYD, calculate and use the depreciable base to determine yearly depreciation expense.
For DDB, use the total asset cost to calculate yearly depreciation but do not let total depreciation be greater than the depreciable base.

My actual question now: Can anyone explain depreciation, my teacher is not helping anyone, tried it several times on my own, but not getting everything to equal out in the end

Thanks in advance

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