An asset was purchased for $5,000 After the SL method was used to calculate depreciation for a total life of 25 years, the asset 's expected salvage value is $500 What would the difference be between the asset 's book value (after 15 years) and the book value that would have resulted if the the DB ...

From Table 72 the GDS recovery period is seven years The ...

An asset was purchased for $5,000. After the SL method was used to calculate depreciation for a

Question:

An asset was purchased for $5,000. After the SL method was used to calculate depreciation for a total life of 25 years, the asset's expected is $500. What would the difference be between the asset's book value (after 15 years) and the book value that would have resulted if the the DB method at the rate of 10% applied for 15 years had been used instead?
Salvage Value
Salvage value is the estimated book value of an asset after depreciation is complete, based on what a company expects to receive in exchange for the asset at the end of its useful life. As such, an asset’s estimated salvage value is an important...