Homework Answers
Depreciation for year 1 (148,000 / 5*2 * 3Months/12Months) : $14,800
Depreciation for Year 2 (148,000 - 14,800) /5*2) = $53,280
Book value at year 2 ($148,000 - $14,800 - $53,280 = $79,920
Answer is C. $79,920
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