Respuesta :
Depreciation amount = Purchase Price - Scrape Value
Depreciation amount = $17,000 - $3,000
Depreciation amount = $14,000
depreciation rate = $14,000/3 years
depreciation rate= $4667.67
Depreciation amount = $17,000 - $3,000
Depreciation amount = $14,000
depreciation rate = $14,000/3 years
depreciation rate= $4667.67
The rate of depreciation of the piece of equipment is 27.45%.
Given that,
- The cost of office equipment is $17,000.
- The number of years is 3
- And, the scrap value is $3,000.
Based on the above information, the depreciation should be
= (Office equipment cost - scrap value) ÷ (Office equipment cost × number of years)
= ($17,000 - $3,000) ÷ ($17,000 × 3)
= $14,000 ÷ $51,000
= 27.45%
Therefore we can conclude that the rate of depreciation of the piece of equipment is 27.45%.
Learn more: brainly.com/question/15085226
