Sammy's Pizza Parlor is considering a 4-year project to expand their business. To do so, they anticipate purchasing a ne...
Sammy's Pizza Parlor is considering a 4-year project to expand their business. To do so, they anticipate purchasing a new pizza oven. The price of the pizza oven is $106,674. Using the depreciation schedule given below, calculate the book value of the pizza oven at the end of the 4-year project.
| Year | 1 | 2 | 3 | 4 |
| Percent | 18% | 22% | 30% | 13% |
Enter your answer as dollar and cents (i.e. 12.34). Do not enter the dollar sign or commas.
Homework Answers
Book value of the pizza oven at the end of the 4-year project
= $106,674 - ($106,674 *(18%+22%+30%+13%))
= $18134.58
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