Pentec Ltd has just acquired 5 new computers for $29,000 in total and paid a further $1,000 to have additional zip drives added. The computers are expected to have a useful life of 5 years and its salvage value is expected to be $3,000. Pentec Ltd has decided to apply the declining balance method of calculating depreciation. What is the first 2 years depreciation charge on the computers?

Question

Pentec Ltd has just acquired 5 new computers for $29,000 in total and paid a further $1,000 to have additional zip drives added. The computers are expected to have a useful life of 5 years and its salvage value is expected to be $3,000. Pentec Ltd has decided to apply the declining balance method of calculating depreciation. What is the first 2 years depreciation charge on the computers?
Pentec Ltd has just acquired 5 new computers for $29,000 in total and paid a further $1,000 to have additional zip drives added. The computers are expected to have a useful life of 5 years and its salvage value is expected to be $3,000. Pentec Ltd has decided to apply the declining balance method of calculating depreciation. What is the first 2 years depreciation charge on the computers?

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The Answer of Pentec Ltd has just acquired 5 new computers for $29,000 in total and paid a further $1,000 to have additional zip drives added. The computers are expected to have a useful life of 5 years and its salvage value is expected to be $3,000. Pentec Ltd has decided to apply the declining balance method of calculating depreciation. What is the first 2 years depreciation charge on the computers?

Pentec Ltd Has Just Acquired 5 New Computers for $29,000