Holman Company owns equipment with an original cost of $95,000 and an estimated salvage value of $5,000 that is being depreciated at $15,000?

Answer 1

Depreciation = (Cost – Salvage Value) / Useful Life

Useful life = (95000-5000)/15000 = 6 years

Source(s): https://www.double-entry-bookkeeping.com/depreciat...

Answer 2

What color is the equipment?