Chapter 20 Formulas Flashcards
1
Q
Amount Paid
A
(Square Feet Occupied/Total Square Footage) x Total Expense
2
Q
Annual Depreciation
A
(Original Cost - Salvage Value)/Estimated Life
3
Q
Accumulated Depreciation (Straight-Line Method)
A
Previous Year’s Accumulated Depreciation + Current Year’s Depreciation
4
Q
Book Value
A
Original Cost - Accumulated Depreciation
5
Q
Annual Depreciation (MACRS)
A
Original Cost x Fixed Percent
