| Investing Lesson 4 |
| Quiz: Analyzing an Income Statement |
For $4,000...
| Ha!
You thought you were going to get off that easy? We're not done
with depreciation [just 'cause I threw in a goodwill question doesn't
get you off the hook!] Going back to our earlier example, calculate the depreciation charges of a building that cost $1,365,820 to build, has a salvage value of $25,390, and an estimated useful life of 30 years, using the Sum of the Years Digits method. |
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| a) $73,209.28 | b) $81,533.30 |
| c) $86,479.35 | d) $123,109.07 |
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