Calculate the net book value

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A three-year-old machine has a cost of $31,000, an estimated residual value of $1,000, and an estimated useful life of five years. The company uses straight-line depreciation.

 

Calculate the net book value at the end of the third year. (Omit the "$" sign in your response.)

 

  Net book value

$

 

$

$

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$ [removed] 

 

 

    • 5 years ago
    Calculate the net book value A+ Tutorial use as Guide
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      calculate_the_net_book_value.xlsx