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First determine the book value of craps tables. Annual depreciation = $10,000 per year $40,000 has been depreciated (4 x $10,000) and the remaining book

First determine the book value of craps tables.

Annual depreciation = $10,000 per year

$40,000 has been depreciated (4 x $10,000) and the remaining book value is $60,000 (6 x $10,000).

a. $75,000 (75,000 60,000) x 40% = $69,000

b. $60,000

c. $20,000 (20,000 60,000) x 40% = $36,000

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Question

First determine the book value of craps tables. Annual depreciation = $10,000 per year $40,000 has been depreciated (4 x $10,000) and the remaining book

First determine the book value of craps tables. Annual depreciation = $10,000 per year $40,000 has been depreciated (4 x $10,000) and the remaining book value is $60,000 (6 x $10,000). a. $75,000 (75,000 60,000) x 40% = $69,000 b. $60,000 c. $20,000 (20,000 60,000) x 40% = $36,000

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First determine the book value of craps tables.

Annual depreciation = $10,000 per year

$40,000 has been depreciated (4 x $10,000) and the remaining book value is $60,000 (6 x $10,000).

a. $75,000 (75,000 60,000) x 40% = $69,000

b. $60,000

c. $20,000 (20,000 60,000) x 40% = $36,000