What will the total carrying value of this equipment
What will the total carrying value of this equipment (computer and security) be at the end of 2016? (Max. 8 lines)
(7 marks)
Tim purchased some new computer equipment at the beginning of 2013 with a cost of R40 000. The equipment has a residual value of R5 000, and Tim has elected to use the declining balance (reducing balance) method for calculating the depreciation on the equipment. The depreciation rate is 10% per year.
Furthermore, at the beginning of 2015 he purchased security equipment with a cost of R80 000, a residual value of R10 000 and a useful life of 14 years.
Evaluation Criteria for Paper
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(10%) Resources used as rationale for approaches and as sources of content
(5%) Use At least one journal article relevant to the case as a reference
(5%) Use At least one textbook as a reference
_____ 5. (20%) write paper in a scholarly manner
(4%) Format includes title page, body of paper, & reference page, with pages numbered
_____ 5. (20%) Write the Paper in a scholarly manner
(4%) Format includes title page, body of paper, & reference page, with pages numbered
APA style
(4%) Limit the paper to 4 pages in length, which includes title page and reference page
(4%) Cite references in the paper according to APA style
(4%) list References on the reference page according to APA style
(4%) Grammar, language, spelling, and sentence structure are at a college writing level