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Homework answers / question archive / Beam Corp buys a new software for inventory management at $50,000 and estimates its useful life 10 years
Beam Corp buys a new software for inventory management at $50,000 and estimates its useful life 10 years. Which of the following statement is correct? *
Each year’s depreciation is $10,000
Each year’s amortization is $5,000
Each year’s depletion is $5,000
Each year’s depreciation is $5,000
As per the Straight line method
Amortization = Depriciable Value - salvage value / Life of the asset
= 50,000 - 0 / 10
= 5000
Each years amortization is $5000
