Business Math (11th Edition)
Business Math (11th Edition)
11th Edition
ISBN: 9780134496436
Author: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble
Publisher: PEARSON
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Chapter 17, Problem 1ES
To determine

To calculate: The yearly depreciation using straight-line depreciation when total cost is $7200, salvage value is $300 and expected life is 3 years.

Expert Solution & Answer
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Answer to Problem 1ES

Solution:

The yearly depreciation is $2,300.

Explanation of Solution

Given Information:

The provided total cost, salvage value and expected life is $7200, $300 and 3 years respectively.

Formula used:

The depreciable value is calculated as,

Depreciable value = Total valueSalvage value.

And the yearly depreciation is calculated by the formula,

Yearly depreciation = depreciable valuenumber of years of expected life .

Calculation:

The total cost is $7200 and salvage value is $300.

First calculate the depreciable value as,

Depreciable value = Total valueSalvage value.=$7200$300=$6900

Now calculate the yearly depreciation as,

Yearly depreciation = depreciable valuenumber of years of expected life = $69003 = $2,300

Hence, the yearly depreciation is $2,300.

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Chapter 17 Solutions

Business Math (11th Edition)

Ch. 17.1 - Prob. 3-2SCCh. 17.1 - Prob. 3-3SCCh. 17.1 - Prob. 3-4SCCh. 17.1 - Prob. 4-1SCCh. 17.1 - Prob. 4-2SCCh. 17.1 - Prob. 4-3SCCh. 17.1 - Prob. 4-4SCCh. 17.1 - Prob. 1SECh. 17.1 - Prob. 2SECh. 17.1 - Prob. 3SECh. 17.1 - Prob. 4SECh. 17.1 - Prob. 5SECh. 17.1 - Prob. 6SECh. 17.1 - Prob. 7SECh. 17.1 - Prob. 8SECh. 17.1 - Prob. 9SECh. 17.1 - Prob. 10SECh. 17.1 - Prob. 11SECh. 17.1 - Prob. 12SECh. 17.1 - Prob. 13SECh. 17.1 - Prob. 14SECh. 17.1 - Prob. 15SECh. 17.1 - Prob. 16SECh. 17.1 - Prob. 17SECh. 17.1 - Prob. 18SECh. 17.1 - Prob. 19SECh. 17.1 - Prob. 20SECh. 17.1 - Prob. 21SECh. 17.1 - Prob. 22SECh. 17.1 - Prob. 23SECh. 17.2 - Prob. 1-1SCCh. 17.2 - Prob. 1-2SCCh. 17.2 - Prob. 1-3SCCh. 17.2 - Prob. 1-4SCCh. 17.2 - Prob. 2-1SCCh. 17.2 - Prob. 2-2SCCh. 17.2 - Prob. 2-3SCCh. 17.2 - Prob. 2-4SCCh. 17.2 - Prob. 1SECh. 17.2 - Prob. 2SECh. 17.2 - Prob. 3SECh. 17.2 - Prob. 4SECh. 17.2 - Prob. 5SECh. 17.2 - Prob. 6SECh. 17.2 - Prob. 7SECh. 17.2 - Prob. 8SECh. 17.2 - Prob. 9SECh. 17.2 - Prob. 10SECh. 17.2 - Prob. 11SECh. 17.2 - Prob. 12SECh. 17.2 - Prob. 13SECh. 17.2 - Prob. 14SECh. 17.2 - Prob. 15SECh. 17 - Prob. 1ESCh. 17 - Prob. 2ESCh. 17 - Prob. 3ESCh. 17 - Prob. 4ESCh. 17 - Prob. 5ESCh. 17 - Prob. 6ESCh. 17 - Prob. 7ESCh. 17 - Prob. 8ESCh. 17 - Prob. 9ESCh. 17 - Prob. 10ESCh. 17 - Prob. 11ESCh. 17 - Prob. 12ESCh. 17 - Prob. 13ESCh. 17 - Prob. 14ESCh. 17 - Prob. 15ESCh. 17 - Prob. 16ESCh. 17 - Prob. 17ESCh. 17 - Prob. 18ESCh. 17 - Prob. 19ESCh. 17 - Prob. 20ESCh. 17 - Prob. 21ESCh. 17 - Prob. 22ESCh. 17 - Prob. 23ESCh. 17 - Prob. 24ESCh. 17 - Prob. 25ESCh. 17 - Prob. 26ESCh. 17 - Prob. 27ESCh. 17 - Prob. 28ESCh. 17 - Prob. 29ESCh. 17 - Prob. 30ESCh. 17 - Prob. 31ESCh. 17 - Prob. 32ESCh. 17 - Prob. 33ESCh. 17 - Prob. 34ESCh. 17 - Prob. 35ESCh. 17 - Prob. 36ESCh. 17 - Prob. 37ESCh. 17 - Prob. 38ESCh. 17 - Prob. 39ESCh. 17 - Prob. 40ESCh. 17 - Prob. 1PTCh. 17 - Prob. 2PTCh. 17 - Prob. 3PTCh. 17 - Prob. 4PTCh. 17 - Prob. 5PTCh. 17 - Prob. 6PTCh. 17 - Prob. 7PTCh. 17 - Prob. 8PTCh. 17 - Prob. 9PTCh. 17 - Prob. 10PTCh. 17 - Prob. 11PTCh. 17 - Prob. 12PTCh. 17 - Prob. 1CTCh. 17 - Prob. 2CTCh. 17 - Prob. 3CTCh. 17 - Prob. 4CTCh. 17 - Prob. 5CTCh. 17 - Prob. 6CTCh. 17 - Prob. 7CTCh. 17 - Prob. 8CTCh. 17 - Prob. 1CPCh. 17 - Prob. 2CPCh. 17 - Prob. 1CS1Ch. 17 - Prob. 2CS1Ch. 17 - Prob. 3CS1Ch. 17 - Prob. 4CS1Ch. 17 - Prob. 1CS2Ch. 17 - Prob. 2CS2Ch. 17 - Prob. 3CS2
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