On June 1, 20--, a depreciable asset was acquired for $4,800. The asset has an estimated useful life of five years (60 months) and no salvage value. Using the straight-line depreciation method, calculate the book value as of December 31, 20--.

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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On June 1, 20--, a depreciable asset was acquired for $4,800. The asset has an estimated useful life of five years (60 months) and no salvage value.

Using the straight-line depreciation method, calculate the book value as of December 31, 20--.
$fill in the blank 1

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Section 179 Deduction and Modified Accelerated Cost Recovery System (MACRS) Depreciation
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