blueheaven
2007-11-22, 04:15 AM
Hi friends recently I am facing a problem in my work field, actually the plant asset was purchased on January 1 for $30,000 with an expected salvage value of $6,000 at the end of its useful life. And this year's Depreciation Expense is $3,000 calculated on the straight-line basis and the balance of the Accumulated Depreciation account at the end of the year is $15,000. Now the company gave me the charge to configure the current value of it. But the problem is I don’t know how I calculate it. So please help me.