Homework Answers
Depreciation per year = (cost - salvage value) /lifeofthe assets
= (2800000 - 2800000*10%) /6= $420,000
Accumulated depreciation on 31 Dec 2018 = 420000 x 4.5 = $1,890,000
Book value = cost - Accumulated depreciation
= 2800000 - 1890000 = $910,000
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