Classifications \begin{tabular}{|l|l|l|l|} \hline \multicolumn{2}{|c|}{ Asset } & \multicolumn{1}{|c|}{ Nature } & Cost Allocation \\ \hline 1 & Software License & & \\ \hline 2 & Property & & \\ \hline 3 & New engine & & \\ \hline 4 & Delivery vans & & \\ \hline 5 & Production plant & & \\ \hline 6 & Warehouse & & \\ \hline 7 & Copyright & & \\ \hline 8 & Trademark & & \\ \hline 9 & Computers & & \\ \hline \end{tabular} choices Nature*: Land Building Equipment Intangible Cost Allocation**: Depreciation Amortization None Bookvalue A machine cost $400,000, has an estimated residual value of $40,000, and has an estimated useful life of four years. The company uses straight line depreciation. Calculate the book value at the end of year 3. Formula: Cost - residual value Book Value at end of year 3: useful life in years cost Calculation: - accum depr peryear bookvalue Another book value A machine cost $400,000, has an estimated residual value of $40,000, and has an estimated useful life of 20,000 machine hours. The company uses units-of-production depreciation and ran the machine for 3000 hours in year 1,8000 hours in year \#2, and 6000 in year \#3. Calculate the book value at the end of year 3. Formula