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

Find the approximate solution of this system of equations. y = |x^2 − 3x + 1| y = x − 1
inspiration comes in many forms what might have been the inspiration for an artist create this form of art
i was delivered by abraham lincoln at dedication of a battlefield cemetery in pennsylvania what am i
May 7th May 17th May 16th May 27th
____________ are cellular macromolecules containing hydrogen, oxygen, nitrogen, carbon and phosphorous.
Help please! Question is in the picture!
Find the unit rate with the second given unit in the denominator 67.50 for 9 pizza
Which of the following examples of an ecological study involves the ecosystem level of organization? A. The effects of human activities on biogeochemical cyclin
How can greatest common factors and least common multiples help you work with fractions ?
What is one hundred and fifty percent of twenty two dollars