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a fixed asset has a useful life of 5 years is purchased on the first of january of a certain. the purchasing price of the asset is $3,000, and its residual value is expected to be $750. based on this information, the depreciation for year 2 will be equal to:

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Divide the asset's cost by its salvage value, then multiply the result by the asset's usable life.$2,100

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  • Say a business invested $50,000 in equipment that will be used for a long time in its operations.It projects that the item will have a salvage value of $2,000 and a usable life of 15 years.The annual depreciation cost would be $3,200.
  • Assuming a straight line method of depreciation in which the depreciation is the same for each year, the annual depreciation can be calculated as follows:

Annual depreciation = .$2,100

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