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October 20, 2014

October 20, 2014

Posted by **Anonymous** on Thursday, November 17, 2011 at 1:31pm.

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.

- math -
**Damon**, Thursday, November 17, 2011 at 1:36pm35 - 6 = 30

30/5 = 6

depreciates 6 thousand per year

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