Question
The depreciation deduction for year 10 of an asset with a 15-year useful life is $4,700. If the salvage value of the asset was estimated
The depreciation deduction for year 10 of an asset with a 15-year useful life is $4,700. If the salvage value of the asset was estimated to be 4,000 and straight line depreciation was used to calculate the depreciation deduction for year 10, what was the initial cost of the asset?
$84,526
$36,605
$79,526
$74,500
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International Financial Management
Authors: Cheol S. Eun, Bruce G.Resnick
6th Edition
71316973, 978-0071316972, 78034655, 978-0078034657
