Open Tuisyen Lecture Note question

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October 7, 2013 at 3:57 pm #142221
chengli1609
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Hi,
refer to the lecture note CHAPTER 11 example no 4(c), i would like to know how to get the depreciation?
October 7, 2013 at 5:36 pm #142225
Ken Garrett
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The sum of interest and depreciation are an annuity of $65946. The interest charge is interest rate x opening capital invested. The depreciation is the balanceing figure: Annuity, 65,946 – interest.
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