The purchose price of on ecuipment is $45,000 which is expectec to crop to $14,000 after 10 yeors of use. If the applicoble deprecietion methco is the streight line depreciation whet is the book value of this equipment ot the beginning of the Bth yecr? O a. $23,300 Ob. S24,800 Oc. $2,700 O d. $3 100 O e $20 200

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The purchase price of on ocuipment is $45,000 which is expected to crop to $14,000 after 10 yecrs of use.If
the applicoble ceprecietion methco is the streight fine depreciotion whot is the book volue of this
equipment ot the beginning of the Bth yecr?
tof
O a. $23,300
O b. $24,800
O c. S21,700
O d. $3 100
O e. $20 200
What is the value of (r/A LN) Ir (P/A, N = 6.16587
O o. 30829
O b. 24.2804
O c. 5.5492
O d. 6.1658
O e. 1.0000
Transcribed Image Text:The purchase price of on ocuipment is $45,000 which is expected to crop to $14,000 after 10 yecrs of use.If the applicoble ceprecietion methco is the streight fine depreciotion whot is the book volue of this equipment ot the beginning of the Bth yecr? tof O a. $23,300 O b. $24,800 O c. S21,700 O d. $3 100 O e. $20 200 What is the value of (r/A LN) Ir (P/A, N = 6.16587 O o. 30829 O b. 24.2804 O c. 5.5492 O d. 6.1658 O e. 1.0000
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