What statement describes the performance of the company over a period of time, usually a month, a quarter, or a year? TTT Arial 3(12pt) T E >.es Path:p Words:0 A 5 year fixed asset was purchased on Jan 1 of Year 1 and immediately placed into service. The cost was $750,000 and had no salvage value. What is the Net Book Value at the end of year 5 using straight line depreciation