Wednesday

March 4, 2015

March 4, 2015

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

**Answer this Question**

**Related Questions**

math - using problem 17-21 calculate the first 2 years depreciation assuming the...

accounting - Meranda Corporation purchases a machine for $125,000. It has an ...

math - : Cost of machine $ 90,400 Residual value $ 3,400 Useful life 5 years ...

accounting - Jay Corp. bought a machine for $15,000. The machine is expected to ...

math - Jay Corp. bought a machine for $15,000. The machine is expected to ...

math - In recent years, Juresic Transportation purchased three used buses. ...

business - In recent years, Juresic Transportation purchased three used buses. ...

Accounting - The company’s fiscal year ends on December 31. Using the following...

Accounting - Assume that at the beginning of 2000, Quick Travel, a FedEx ...

Math - A $26,000 company car is expected to be driven for 120,000 miles and then...