The expected residual value for the car is 447154 what, Accounting Basics

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The expected residual value for the car is 447154 what

Problem

On October 1, 20 times 1, Bergen Inc. purchased a car for $28712.74. Bergen decided to use the diminishing balance method to depreciate the car at the rate 24.50 %. The expected residual value for the car is $4471.54 What would be the amount charged for depreciation by Bergen for the year ended December 31. 20 times 2?

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Accounting Basics: The expected residual value for the car is 447154 what

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Accounting Basics: The expected residual value for the car is 447154 what

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