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Author Question: James bought a wave runner at the beginning of the year for 7,500. The wave runner has an estimated ... (Read 141 times)

Mimi

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on: Jun 24, 2018
James bought a wave runner at the beginning of the year for 7,500. The wave runner has an estimated life of 4 years and a salvage value of 2,000 at the end of the 4-year period. What is the book value after the first year?

Question 2

The original cost of a car was 32,000 with an estimated life of 8 years. What is the first-year depreciation?


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bfulkerson77

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Reply #1 on: Jun 24, 2018
Answer to Question 1

6,125;

Answer to Question 2

8,000;


Mimi

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Reply 2 on: Jun 24, 2018
Great answer, keep it coming :)

nanny

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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