Homework Answers
Solution:
The correct option is ' d, $16,000.
Explanation:
In straight line method, we calculate accumulated depreciation
=(Assets cost - salvage value) / useful years
But we haven't salvage value, then accumulated depreciation expenses per year
=$32000/ 4
=$8,000
| Year | Accumulated depreciation | Book Value |
| 2011 | 0 | $32,000 |
| 2012 | $8,000 | $24,000($32,000 - $8,000) |
| 2013 | $8,000+$8,000=$16,000 | $16,000($24,000 - $8,000) |
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