A $1000 item with a 10 yearsuseful life and no salvage value(How much item is worth at the end of the its life)
Ans:Depreciated at $180 in first Yesr
$150 Second year
$130 third etc
But i am thinking this should be $200, $160,$128,Can you please help me out whether i am correct?
Source of this example from Rita 7th Ed page no 109