colosains2101
colosains2101 colosains2101
  • 21-05-2017
  • Mathematics
contestada

a truck costing 25,000 with a residual value of 5,000 and a 10 year estimated life, what is the book value at 2 years

Respuesta :

Aliwohaish12
Aliwohaish12 Aliwohaish12
  • 21-05-2017
$25,000 - 5,000 = $20,000
Since the useful life is 10 years or 10% per year, double-declining rate would be 20%

Year 1
$20,000 x .2 = $4000
Book Value = $16,000

Year 2
$16,000 x .2 = $3,200
Book Value = ($16,000-3,200) = $12,800
Answer Link

Otras preguntas

is 4/5 greater then 0.75
when and where did muhammad first recieve words from Allah
Geographic barriers can influence groups of people to form cultures in isolation because they prevent the influence of outside factors. a. True b. False
Which gas makes up most of Earth's atmosphere? A. argon B. oxygen C. nitrogen D. carbon dioxide
What are three objects that are magnetic?
Which statement best describes how Wheatley’s word choice in "To the King's Most Excellent Majesty" expresses her colonial values?
how are countries in the european uniok linked
What does Atticus do for a living in To Kill a Mockingbird
In sub-Saharan Africa, female genital mutilation is A. unheard of in Central Africa and Namibia. B. uncommon in Nigeria. C. rare in Mali. D. most common in nor
How is a person who reports corruption protected