Homework Answers
C. $120,000
Depreciation per year = (Cost - Salvage value) / Useful life = ($180,000 - $30,000) / 5 = $30,000
Depreciation for two years = $30,000 × 2 = $60,000
Book value at the end of the second year = Cost - Accumulated depreciation
Book value at the end of the second year = $180,000 - $60,000
Book value at the end of the second year = $120,000
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