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You buy an asset with a purchase price of $5,000 and your shipping is $1,000. It...

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Finance

  1. You buy an asset with a purchase price of $5,000 and yourshipping is $1,000. It has a 3 year class life. Show a depreciationschedule below that includes both the depreciation each year andthe book value each year.
  2. If the working capital changes in number 1 are a negative $500show the depreciation schedule.

Answer & Explanation Solved by verified expert
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CASE 1 Purchase price of the asset 5000 Shipping cost 1000 As total cost of asset includes original cost of the asset and transportation the total cost would be 6000 Total cost of the asset Purchase price    See Answer
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You buy an asset with a purchase price of $5,000 and yourshipping is $1,000. It has a 3 year class life. Show a depreciationschedule below that includes both the depreciation each year andthe book value each year.If the working capital changes in number 1 are a negative $500show the depreciation schedule.

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