Homework Answers
Year 1 depreciation = 3,200,000 * 33.33% = 1,066,560
Year 2 depreciation = 3,200,000 * 44.45% = 1,422,400
Year 3 depreciation = 3,200,000 * 14.81% = 473,920
Book value = $3,200,000 - 1,066,560 - 1,422,400 - 473,920
Book value = $237,120
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