Sinking Fund Depreciation Method Calculator

Enter all entries, leave blank what you want to solve for (Depreciation, Asset Value, Salvage Value)
<-- Asset Value
<-- Salvage Value
<-- N (Total Life of the Asset)
<-- Sinking Fund Rate (j)
<-- Time (t)
<-- Depreciation (d)

The following practice problem has been generated for you:
An asset (A) is worth 8707 with a salvage value (S) of 735 at time = 7. Calculate the depreciation charge and book value at time = 3 using the Sinking Fund Method of Depreciation with an effective rate of 8%.