Salvage Value – NBC Institute

QTB – Nov 2015 – L1 – SB – Q1 – Mathematics of Business Finance

Calculate depreciation and salvage value of an asset using the reducing balance method.

Question

A company buys an item having a useful life of 10 years for N1,000,000. If the company depreciates the item by the reducing balance method:

a. Determine the depreciation for the first year.
b. Estimate the depreciation for the second and third years.
c. What is the salvage value of the asset?

Answer

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Tags: Asset Valuation, Depreciation, Reducing Balance Method, Salvage Value
Level: Level 1

Topic: Mathematics of Business Finance
Series: NOV 2015

Question Tag: Salvage Value

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QTB – Nov 2015 – L1 – SB – Q1 – Mathematics of Business Finance

Calculate depreciation and salvage value of an asset using the reducing balance method.

QTB – Nov 2015 – L1 – SB – Q1 – Mathematics of Business Finance

Calculate depreciation and salvage value of an asset using the reducing balance method.

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Question Tag: Salvage Value

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QTB – Nov 2015 – L1 – SB – Q1 – Mathematics of Business Finance

Calculate depreciation and salvage value of an asset using the reducing balance method.

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QTB – Nov 2015 – L1 – SB – Q1 – Mathematics of Business Finance

Calculate depreciation and salvage value of an asset using the reducing balance method.

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