17. The Bennington Rescue Squad purchases a new lift chair for $23,000. It is expected to last 10 years and have a salvage value of $1,500. Show a depreciation schedule for the first 3 years only using the straight line method. End of Year Book Value  Beginning of Year Depreciation Accumulated Deprecation Book Value  End of Year 1 2 3

17. The Bennington Rescue Squad purchases a new lift chair for $23,000. It is expected to last 10 years and have a salvage value of $1,500. Show a depreciation schedule for the first 3 years only using the straight line method. End of Year 1 2 3 Book Value - Beginning of Year Depreciation Accumulated Deprecation Book Value - End of Year 18. Nanette Davis' home is assessed at $110,000. If the tax rate is 3.25 mills, what is the tax on her home? $357.50 $110.000 x 0.00325=357.50