16. Depreciation

Asset Cost $70,000
Salvage Value $10,000
Life in Years 5

Which depreciation formula would you use to calculate the depreciation as the same amount each year? What would be the book value of the asset after 3 years?

Deprecation Formula _____________
Book Value after 3 years _______________


ANSWER: ? I'M USING THIS FORMULA BUT ITS WRONG SO SOMEONE HERE PLZ FIX IT FOR ME ?

=SYD(averagecost,salvagevalue,life,3)
=SLN(AVERAGECOST,SALVAGEVALUE,LIFE)