Pentec Ltd has just acquired 5 new computers for $29,000 in total and paid a further $1,000 to have additional zip drives added. The computers are expected to have a useful life of 5 years and its salvage value is expected to be $3,000. Pentec Ltd has decided to apply the declining balance method of calculating depreciation. What is the first 2 years depreciation charge on the computers?
Definitions:
Profound Paranoia
A severe mental condition characterized by intense and irrational mistrust or suspicion, which can significantly impact an individual's life.
Euphoria
A state of intense happiness and self-confidence, often beyond what is considered normal.
Auditory Hallucinations
The experience of hearing sounds, often voices, that are not present in the external environment, commonly associated with psychiatric conditions.
Visual Hallucinations
Hallucinations involving the perception of images or events that are not present in the external environment, specifically within the visual field.
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