Homework Answers
Depreciation expense per annum (Straight line depreciation)
= (Cost - salvage value) / Years
= ($950,000 - $102,000) / 5 years
= $169,600
2019 year depreciation expense = $169,600
Book value at the end of 2019 = Cost - 2019 depreciation expense
= $950,000 - $169,600
= $780,400
Option B is the correct answer.
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