Ask a New Question

Asked by Reece

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 2012? What will it be in 2024? (Assume the scrap value is $0.)
5 years ago

Answers

Answered by oobleck
so, the building loses 1000000/25 = $40,000 per year.
so, its value (in thousands) after x years is
1000 - 40x
5 years ago

Related Questions

An office building containing 96,000 square feet of space is to be made into apartments. There will... purchase office supplies worth 50000.paying 20000 and 30000 on accounts.what is the debit and credit... An office building worth $1 million when completed in 2000 is being depreciated linearly over 80 yea... The new office building will house several different companies and employ an estimated 600 people. H... Office equipment worth $16,000 is purchased and it is estimated that its useful life will be 4 years... A office building has 23 offices the floor area of each office is 305 square feet which shows the Eq...
Ask a New Question
Archives Contact Us Privacy Policy Terms of Use