An office building worth $1 million when completed in 2000 is being depreciated linearly over 80 years. What will be the book value of the building in 2048? (Assume the scrap value is $0.)

Question

a. The book value of the building in 2048 will be $200,000.
b. The book value of the building in 2048 will be $300,000.
c. The book value of the building in 2048 will be $400,000.
d. The book value of the building in 2048 will be $600,000.

Thank you

Answer 1

each year 1000,000/80 = 12500 is being subtracted.

Sn, after n years the value will be

1,000,000 - 12500n

Or, after 48 years, the remaining value will be 32/80 of its original worth.

Answer 2

An office building worth $1 million when completed in 2010 is being depreciated linearly over 25 years. What was the book value of the building in 2014? What will it be in 2018? (Assume the scrap value is $0.)
2014 $
2018

Answer 3

please may u give me the formula and the answers for this question