A depreciation schedule of an asset is given. Based on the information gives below, find the values of X, Y and Z.
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$X=6500, Y=26,000, Z= 32000$ $X=6500, Y=25,000, Z= 32000$ $X=7500, Y=26,000, Z= 33,000$ $X=7500, Y=33,000, Z= 26,000$ |
$X=6500, Y=26,000, Z= 32000$ |
The correct answer is option (1) → $X=6500, Y=26,000, Z= 32000$ Initial Book value, Z from year 1: $Z-6,500=25,000$ $Z=32,000$ Annual Depreciate in year 3, ⇒ Depreciation rate remain constant every year. $X=6,500$ $Y$, Accumulated depreciation in 4 year = $19,500 + 6,500 = 26,000$ |