Question
Alfredo Company purchased a new 3-D printer for $966,688. Although this printer is expected to last for ten years, Alfredo knows the technology will become
Alfredo Company purchased a new 3-D printer for $966,688. Although this printer is expected to last for ten years, Alfredo knows the technology will become old quickly, and so they plan to replace this printer in 3 years. At that point, Alfredo believes it will be able to sell the printer for $15,750. Calculate the first year of depreciation using the straight-line method. Round to the whole dollar, no decimal places.
Alfredo Company purchased a new 3-D printer for $870,161. Although this printer is expected to last for ten years, Alfredo knows the technology will become old quickly, and so they plan to replace this printer in 8 years. At that point, Alfredo believes it will be able to sell the printer for $24,034. Calculate the second year of depreciation using the straight-line method. Round to the whole dollar, no decimal places.
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