Answered step by step
Verified Expert Solution
Question
1 Approved Answer
I have 35 minutes and the answer are very sensitive,please write the answer fully and correctly carefully . thank you A new barcode reading device
I have 35 minutes and the answer are very sensitive,please write the answer fully and correctly carefully . thank you
A new barcode reading device has an installed cost basis of 24,850 and an estimated service life of seven years. It will have a zero salvage valu a. What will the depreciation charge be in year seven? b. What is the book value at the end of year six? c. What is the gain (or loss) on the disposal of the device if it is sold for $4,000 after six years? a. The depreciation charge in year seven will be $(Round to the nearest dollar) b. The book value at the end of year six is $(Round to the nearest dollar) on the disposal of the device if it is sold for 54,000 after six years is $(Round to the nearest dollar) c. The Time Remain of 6 (0 complete) T ave a zero salvage value at that time. The 150% declining balance method is used to depreciate this asset
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started