Question
What is the fomula to calculate Book Value? Please help. 1. A machine that cost $540,000 has an estimated residual value of $60,000 and an
What is the fomula to calculate Book Value? Please help.
1. A machine that cost $540,000 has an estimated residual value of $60,000 and an estimated useful life of six years. The company uses straight-line depreciation. Calculate its book value at the end of year 5.
Book value: ?
2. A machine that cost $190,000 has an estimated residual value of $19,000 and an estimated useful life of four years. The company uses double-declining-balance depreciation. Calculate its book value at the end of year 3.
What is the Book Value: ?
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Auditing A Complete Guide Practical Tools For Self Assessment
Authors: Gerardus Blokdyk
1st Edition
0655424571, 978-0655424574
