borahbug2 borahbug2
  • 11-10-2016
  • Business
contestada

An automobile purchased for use by the manager of a firm at a price of $24,000 is to be depreciated linearly over 5 years.  What will the book value of the automobile at the end of 3 years be?  Assume a scrap value of $0.

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AlexDark
AlexDark AlexDark
  • 11-10-2016
2,400/5=4,800 per year is the depreciation.
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