Question
S Corp purchased a die maker 5 years ago for $116,750 which is being depreciated straight-line to a salvage value of $4,750 over 7 years.
S Corp purchased a die maker 5 years ago for $116,750 which is being depreciated straight-line to a salvage value of $4,750 over 7 years. The die maker is 5 years old and S Corp wants to sell the die maker today. Your boss comes to you to calculate the Book Value. You tell the boss the Book Value is ____.
| $34,750 | ||
| $36,750 | ||
| $42,750 | ||
| $49,750 |
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Elements Of Financial Risk Management
Authors: Peter Christoffersen
2nd Edition
0128102357, 9780128102350
