Answer to Question #146718 in Finance for Sanjay Maity

Question #146718
The cost of a machine is $400000.The machine can be used for 6 years.The salvage value of the machine is 25% of the cost of the machine.Tabulate the net depreciation and book value of the machine for each year by sinking fund method.The interest rate is 12% compounded annually
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Expert's answer
2020-11-30T16:43:53-0500

Annual depreciation is

Book value at the end of 1st year = 400,000 - 36,967.72 = 363,032.28.


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