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A steam boiler has a first cost of $50,000. Use the sum-of-years digits (SOYD) depreciation accounting method with a $5,000 salvage value and a 10-year

A steam boiler has a first cost of $50,000. Use the sum-of-years digits (SOYD) depreciation accounting method with a $5,000 salvage value and a 10-year depreciation life; determine the boiler's book value at the end of year eight. $8,001.25 $7, 454.54 $6, 922.45 $9, 215.32

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