Respuesta :
Cost price of the asset = $29500 less
Salvage value after four years = $3500
Amount to be written off as depreciation over a period of four years = $26,000
Therefore, yearly depreciation = 26,000/4 = $6500.
However, depreciation for first year, starting from 1st April to 31st
December, is only for 9 moths. Therefore the amount of depreciation for the
first year = 6500 x 9/12 =$4875.
Depreciation for the second year = $6500
Depreciation for the third year = $6500.
Accumulated depreciation for the three years = 4875 + 6500 + 6500 = $17875.