A piece of equipment is purchased for $23,500 and has a salvage value of $3,200. The estimated life is 10 years and the method of depreciation is straight-line. Shipping costs total $750 and installation costs are $630. The book value at the end of year 10 is:

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A piece of equipment is purchased for $23,500 and has a
salvage value of $3,200. The estimated life is 10 years and the
method of depreciation is straight-line. Shipping costs total
$750 and installation costs are $630.
The book value at the end of year 10 is:
Transcribed Image Text:A piece of equipment is purchased for $23,500 and has a salvage value of $3,200. The estimated life is 10 years and the method of depreciation is straight-line. Shipping costs total $750 and installation costs are $630. The book value at the end of year 10 is:
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