Answer
Full year depreciation = (8000-1000)/5 = 1,400
Net book value (NBV) = 8000-(1400*2) = 5,200
2017 Depreciation = (5,200-500)/2= 2,350
Work Step by Step
As illustrated above.
Intermediate Accounting (16th Edition)
by Kieso, Donald E.; Weygandt, Jerry J.; Warfield, Terry D.
Published by
Wiley
ISBN 10:
1118743202
ISBN 13:
978-1-11874-320-1
Chapter 11 - Depreciation, Impairments, and Depletion - Review and Practice - Brief Exercises - Page 584: BE11-7
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