A pressurized spray painter was purchased on April 1 of the fiscal year for $3,900. It has a useful life of 4 years and a residual value of $300. Determine depreciation expense for the first two years, assuming a fiscal year end of December 31 and using (a) the straight-line method and (b) the double-declining-balance method.© BrainMass Inc. brainmass.com June 4, 2020, 2:13 am ad1c9bdddf
(A) Straight Line Method
Depreciable cost = 3900-300 = 3600
Deprreciation for each useful life = ...
The expert examines accounting depreciation for a pressurized spray painter.