Homework Answers
| Acme Corp. | |
| Cost of the machine | 12000 |
| Salvge value | 0 |
| Useful life in yrs. | 5 |
| Depreciation per year | |
| (12000-0)/5 | 2400 |
| Acc. Depn. At end of 3 yrs. | |
| 2400*3= | 7200 |
| So, Book value of the machine at end of 3 yrs.=12000-7200= | 4800 |
| (Answer) |
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