Equipment costing $12,000, which has an estimated salvage value of $2,000 and an estimated life of 5 years, is being depreciated using the straight-line method. What is the book value of the equipment after 2 years?
a. $10,000
b. $ 8,000
c. $12,000
d. $ 4,000
b
You might also like to view...
Under the ____________________, net income is reported first on the statement of cash flows as the primary source of cash from operating activities
Fill in the blank(s) with correct word
In the referral approach, a salesperson mentions the name of a mutual acquaintance.
Answer the following statement true (T) or false (F)
A certificate of origin that covers multiple shipments of identical goods is called:
a. a large-scale certificate. b. a blanket certificate. c. a global certificate. d. a multi-shipment certificate.
Last year Rocco Corporation's sales were $700 million. If sales grow at 6% per year, how large (in millions) will they be 5 years later?
A. $974.23 B. $749.41 C. $1,133.48 D. $1,096.01 E. $936.76