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9.22: What is the purchase price of an asset if it is depreciated using the straight-line method and annual depreciation is $24,000 per year for
9.22:
What is the purchase price of an asset if it is depreciated using the straight-line method and annual depreciation is $24,000 per year for six years with an estimated salvage value of $3,000?
A : $147,000
B : $162,000
C : $141,000
D : $144,000
I did it32 ways:
1. $24,000+3,000=27000 x 6= $162,000
2. $24,000 x 6= 144,000
3. $24,000 x 6=144,000-3,000=$141,000
Which one is it?
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