[ 4 pts. ] The depreciation charge of a vehicle is $4000 in year 3...

80.2K

Verified Solution

Question

Accounting

image

[ 4 pts. ] The depreciation charge of a vehicle is $4000 in year 3 using straight line depreciation method for 6-years period. Which of the following value is closest to the salvage value used in the depreciation calculation if the first cost was $130000? Select one: a. 118000 b. 118000 O C. 118000 O d. 106000

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students