Homework Answers
Requirement a
| Book value | $ 1,433,500.00 |
Working
| Cost | $ 3,050,000.00 |
| Less: Accumulated depreciation | $ 1,616,500.00 |
| Book value | $ 1,433,500.00 |
Requirement b
No,because depreciation is an allocation of the cost of equipment to the periods benefiting from the use.
.
I would highly appreciate if you leave a comment if answer B is not correct because the reason could only be the correct options from the dropdown. Leave the dropdown options as well.
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