-Equipment costing $80,000 with a useful life of 10 years and a residual value of $8,000 has been depreciated for 6 years by the straight-line method. Assume a fiscal year ending December 31.
(a) What is the book value at the end of the fifth year of use?
When I calculate it out, I get $7,200/year for depreciation. Thus, I keep getting $44,000 for the book value, but that is incorrect. What am I doing wrong?
没有评论:
发表评论