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how to find book value? DATA Cost $ 400,000.00 Residual Value $ 20,000.00 Useful Life (Years) 4 Useful Life (Hours) 8,000 Gain End of Year
how to find book value?
| DATA | ||
| Cost | $ 400,000.00 | |
| Residual Value | $ 20,000.00 | |
| Useful Life (Years) | 4 | |
| Useful Life (Hours) | 8,000 | |
| Gain End of Year 1 | $ 6,000.00 |
| Units of Production | ||||||
| Year | Depreciation Per Unit | Machine Hours | Depreciation Expense | Accumulated Depreciation | Book Value | |
| 1 | $ 47.50 | 2,400 | $ 114,000.00 | $ 114,000.00 |
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Accounting Principles Managerial Concepts
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Kinnear, Joan E. Barlow
7th Canadian Edition
1119310296, 978-1119310297
