Rate = ( \frac{2}{5} = 40% ) Year 1 Depreciation = ( 60,000 \times 0.40 = 24,000 ) Answer: $24,000 If you provide your actual problem, I’ll create a step-by-step solution tailored to it.
[ \text{Depreciation} = \frac{\text{Cost} - \text{Salvage}}{\text{Useful life}} = \frac{60,000 - 6,000}{5} = \frac{54,000}{5} = 10,800 ] Answer: $10,800 per year
