borahbug2 borahbug2

11-10-2016
Business

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An automobile purchased for use by the manager of a firm at a price of $24,000 is to be depreciated linearly over 5 years. What will the book value of the automobile at the end of 3 years be? Assume a scrap value of $0.

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AlexDark AlexDark

11-10-2016

2,400/5=4,800 per year is the depreciation.

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