dondre54
dondre54
05.12.2019 • 
Business

5. the depreciation deduction for year 11 of a property with a 15-year property class and 20 years of useful life is $4,000. a. if the salvage value of the asset is estimated to be $5,000 and macrs-gds is used to calculate the depreciation deduction for year 11, what was the initial cost of the asset? b. if the salvage value of the asset was estimated to be 0 and straight-line depreciation was used to calculate the depreciate deduction for year 11, what was the initial cost of the asset?

Solved
Show answers

Ask an AI advisor a question