An asset purchased on January 1, 2015 for $66,000 that has an estimated life of 10...
An asset purchased on January 1, 2015 for $66,000 that has an estimated life of 10 years will have a book value on December 31, 2018 of:
Homework Answers
Depreciation per year = 66,000/10 = 6,600 per year
Depreciation from Jan 1, 2015 to Dec 31,2018 = 6,600*4 years
= 26,400
Book value = Cost - Accumulated Depreciation
= 66,000 - 26,400
= 39,600
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