Wednesday

November 26, 2014

November 26, 2014

Posted by **Anonymous** on Monday, November 14, 2011 at 7:21pm.

problem 17-21

Jim company bought a machine for $36,000 with an estimated life of 5 years. The residual value of the machine is $6,000. Calculate (a) the annual depreciation and (b) the book value at the end of year 3. Assume straight line depreciation.

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