Posted by **Jean** on Thursday, December 20, 2012 at 6:46pm.

Jim Clinnin purchased a used RV with 19,000 miles for $46,000. Originally the RV sold for $70,000 with a residual value of $20,000. After subtracting the residual value, depreciation allowance per mile was $.86. How much was Jim's purchase price over or below the book value?

## Answer This Question

## Related Questions

- business - Assume that at the beginning of 2000 Speedy Delivery a Fed Ex ...
- accounting - Assets Cash (Net Effect) $35,000 20,000 +15,000 A/R 33,000 14,000 +...
- accounting 102 - Equipment is purchased for $80,000. It has an 8 year useful ...
- math - using problem 17-21 calculate the first 2 years depreciation assuming the...
- math - using problem 17-21 calculate the first 2 years depreciation assuming the...
- Accounting - Assume that at the beginning of 2000, Quick Travel, a FedEx ...
- Accounting - I need some help with this question… It is confusing me… I have ...
- business math - A truck costing $25,000 with a residual value of $5,000 was ...
- Business Math - Jim Company bought a machine for $36,000with an estimated lofe ...
- Business Math - From the following facts, complete a depreciation schedule using...

More Related Questions