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Juanita purchased a forklift for $23,000 to move materials in her warehouse. The salvage value of the forklift is $3,150, and its useful life is 10 years. How much will Juanita write off as a depreciation expense each year for the forklift?

Respuesta :

DizzyBerco

Answer:

$1,985

Step-by-step explanation:

To find the depreciation value we use this formula:

[tex]\dfrac{Purchase Price-Salvage Value}{Estimated Useful Life}[/tex]

PP = 23,000

SV = 3,150

EUL = 10

[tex]\dfrac{23000-3150}{10}[/tex]

This will give us:

$1,985

So Juanita will write $1,985 for the depreciation expense each year for the forklift.

ziocon5106

Answer:

$1,985

Step-by-step explanation:

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