question archive Blank Mind, Inc, just purchased a new psychograph machine for $10,000
Blank Mind, Inc, just purchased a new psychograph machine for $10,000
Subject:EconomicsPrice:2.86 Bought7
Blank Mind, Inc, just purchased a new psychograph machine for $10,000. The expected resale value (salvage value) after 4 years is $500. Determine (1) the depreciation charge and (2) book value for Years 1 through 3 using the straight line method
Depreciation Charge:
Book Value Year 1:
Book Value Year 2:
Book Value Year 3:
Option 1
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Option 2
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