[Answered] The life of a car is 5 years. The original cost of the car was 25,000 and the salvage value was ...

This topic contains a solution. Click here to go to the answer

Author Question: The life of a car is 5 years. The original cost of the car was 25,000 and the salvage value was ... (Read 146 times)

kodithompson

Hero Member
Posts: 566

on: Jun 24, 2018

The life of a car is 5 years. The original cost of the car was 25,000 and the salvage value was 5,000. What is the second-year depreciation?

Question 2

The original cost of a sailboat was 25,000 with an estimated life of 5 years. What is the second-year depreciation?

Need homework help now?

Ask unlimited questions for free

Ask a Question

Marked as best answer by a Subject Expert

Jevvish

Sr. Member
Posts: 326

Reply #1 on: Jun 24, 2018

Answer to Question 1

5,333.33;

Answer to Question 2

6,000;

kodithompson

Member
Posts: 566

Reply 2 on: Jun 24, 2018

Wow, this really help

ghepp

Member
Posts: 361

Reply 3 on: Yesterday

TYSM

« previous next »

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Did you know?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

The human body's pharmacokinetics are quite varied. Our hair holds onto drugs longer than our urine, blood, or saliva. For example, alcohol can be detected in the hair for up to 90 days after it was consumed. The same is true for marijuana, cocaine, ecstasy, heroin, methamphetamine, and nicotine.

Did you know?

Certain topical medications such as clotrimazole and betamethasone are not approved for use in children younger than 12 years of age. They must be used very cautiously, as directed by a doctor, to treat any child. Children have a much greater response to topical steroid medications.