Author Question: Ling bought a car at the beginning of the year for 28,000 . The car has an estimated life of 8 years ... (Read 105 times)

hubes95 · **on:** Jun 24, 2018

Ling bought a car at the beginning of the year for 28,000 . The car has an estimated life of 8 years and a salvage value of 9,000 at the end of the 8-year period. What is the book value after the second year?
a. 23,250

b. 25,625

c. 19,000

d. 4,750

Question 2

Simulation models are particularly useful for:
a. forecasting
b. obtaining deterministic outputs
c. evaluating constraints
d. asking what-if questions