Asked by Anna
If a piece of equipment cost 21,000 new and the equipment was worth 75% of its new value after 4 years what is its salvage value after 10 years
Answers
Answered by
Steve
assuming straight-line depreciation, then it will have lost
(10/4)(.25) = .625 = 5/8 of its value
So, it will be worth 3/8 of 21000 or $7875
(10/4)(.25) = .625 = 5/8 of its value
So, it will be worth 3/8 of 21000 or $7875
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