Solved

An Equipment Bought at Cost of $Y Will Be Depreciated

Question 3

Multiple Choice

An equipment bought at cost of $Y will be depreciated using either the SOYD (sum- of -years - digit method) or SL (straight-line) method. This equipment will be depreciated over a period of 5 years with a salvage value of $X. Determine the percentage increase in depreciation charges in year 2 for the SOYD method over the SL method.


A) 10%
B) 33.33%
C) 0%
D) 16.67%

Correct Answer:

verifed

Verified

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents