If the straight-line method of depreciation is used, what is the net book value of the excavator

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If the straight-line method of depreciation is used, what is the net book value of the excavator at the end of four years?

(a) £13,600

(b) £24,000

(c) £26,400

(d) £29,800

The following information applies to question.

JK Builders Co purchases a new excavator costing £40,000. Its expected useful life is 10 years, at which point it is anticipated that the excavator will have a residual value of £6,000.

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Financial Accounting

ISBN: 9781292244471

8th Edition

Authors: Pauline Weetman

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Question Posted: Mar 06, 2024 07:01 AM

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If the straight-line method of depreciation is used, what is the net book value of the excavator

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Financial Accounting

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