Enter what you know

<-- Asset Value
<-- Salvage
<-- N
<-- SF Rate (j)
<-- Time (t)
<-- d
The following practice problem has been generated for you:
An asset (A) is worth 8420 with a salvage value (S) of 700 at time = 9. Calculate the depreciation charge and book value at time = 1 using the Sinking Fund Method of Depreciation with an effective rate of 3%.