12.2 Puritan Cement Products placed a new sand sifter into production 3 years ago. It had an installed cost of $100,000, a life of 5 years, and an anticipated salvage of $20,000. Book depreciation charges for the 3 years are $40,000, $24,000, and $14,00re- Hobbyspectively. Determine the book value after 3 years.

2.2 Puritan Cement Products placed a new sand sifter into production 3 years ago. It had an installed cost of $100,000, a life of 5 years, and an anticipated salvage of $20,000. Book depreciation charges for the 3 years are $40,000,$24,000, and $14,0 spectively. Determine the book value after 3 years