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Please check if answers are correct. Thank you. Goodson Healthcare purchased a new sonogram imaging unit for $300,000 and a truck body and chassis for
Please check if answers are correct. Thank you.
Goodson Healthcare purchased a new sonogram imaging unit for $300,000 and a truck body and chassis for an additional $100,000 to make the unit mobile. The unit-truck system will be depreciated as one asset. The functional life is 8 years, and the salvage is estimated to be 13% of the purchase price of the imaging unit regardless of the number ofyears ofservice Use : classical Straight Line depreciation to determine the salvage value, annual depreciation, and book value after 4 years of service. : The salvage value is determined to be S 39000 The annual depreciation is determined to be 45125 The book value after 4 years of service is determined to be $ 219500Step by Step Solution
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