Question
8 years ago, a new machine cost $6 million to purchase. The machine was to be linearly depreciated to zero over 15 years. Part 1
8 years ago, a new machine cost $6 million to purchase. The machine was to be linearly depreciated to zero over 15 years. Part 1 What is the annual depreciation (in $)?
Part 2 What is the current book value (in $)?
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Financial Reporting Financial Statement Analysis And Valuation
Authors: James M Wahlen, Stephen P Baginskl, Mark T Bradshaw
10th Edition
0357722094, 978-0357722091
