Rosie5702 Rosie5702

07-12-2020
Business

contestada

Monty Corp. bought equipment on January 1, 2022. The equipment cost $360000 and had an expected salvage value of $65000. The life of the equipment was estimated to be 4 years. The depreciable cost of the equipment is

$360000.

$73750.

$65000.

$295000.

Respuesta :

Samawati Samawati

07-12-2020

Answer:

$295000.

Explanation:

Depreciable cost is the asset costs minus salvage value.

For Monty Corp:

asset cost = $360000,

salvage value = $65000

Depreciable cost will be

=$360,000 - $65,000

=$295,000

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