Sorry for the delay Tracey — see full question below.
Question 94: Your company owns an asset with an original value of $100,000. This asset will be depreciated using the Sum-of-Years' Digits Method over the period of 10 years. At the end of its life, the asset will have a scrap value of $5,000. How much is the depreciation in year 1?
Depreciation in year one = 10/55 x 95,000 = $17,272
The difference is happening because you were first converting 10/55 into a percentage and then multiplying it by 95,000. By converting it into a percentage, the value was being rounded off which is why you're getting a difference of 17,272 - 17,100 = $172.
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This interview with Simona Fallavollita (LinkedIn Profile) was recorded at the magnificient Project Management Institute (PMI)® Global Conference 2017 in Chicago, Illinois. We discuss the how, what, why and when of the changes that are coming to the PMP exam.