Five years ago, Bertha Co purchased a equipment for $863,130 that was depreciated straight line to...
Five years ago, Bertha Co purchased a equipment for $863,130 that was depreciated straight line to zero over 10 years. What is the current book value of the equipment?
(Enter the magnitude of your response rounded to the nearest dollar)
Homework Answers
Annual depreciation=(Cost-Salvage value)/Useful Life
=(863,130/10)=$86313
Hence book value currently=Cost-Accumulated depreciation
=863,130-(86313*5)
=$431565
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