An asset owned by Photon Environmental was book-depreciated by the straight line method over a 6...
An asset owned by Photon Environmental was book-depreciated by the straight line method over a 6 year period. The book values in years 2 and 3 were $294,000 and $244,000 respectively. Determine the Salvage value (SV) used in the calculation.
Homework Answers
Answer
the depreciation rate is constant by the straight-line method
it is
depreciation =difference between book value
=294000-244000
=50000
salvage value =book value of n-th year - depreciation rate *(life - year of the book value)
=244000-50000*(6-3)
=94000
the salvage value is $94000
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An asset owned by Photon Environmental was book-depreciated by
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