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12. Chapter 8 . A draw bench for precision forming and strengthening of carbon steel tubing has a cost of $1,000,000. It will have a

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12. Chapter 8 . A draw bench for precision forming and strengthening of carbon steel tubing has a cost of $1,000,000. It will have a salvage value of $80,000 after a useful life of 10 years. Using the formulas, determine the depreciation charge for year 3 and the book value at the end of year 3 if straight-line depreciation is used. Depreciation charge: Book value

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