Safari’s fiscal year runs July 1st to June 30th. The company purchased a new machine which was installed and operational at the beginning of the second quarter in October. Machine purchase price of $145,800 with an additional installation cost of $10,000, and has an estimated useful life of four years from installation and estimated salvage value of $5,600.
can someone help me come up with a depreciation schedule in excel showing Net Book value (beginning and ending), depreciation expense, and accumulated depreciation for the asset using Straight-line?b. Double-declining balance. started with this excel sheet. not sure what numbers go where.
