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## University Of North Carolina At Charlotte Operations And Supply Chain Management Assignment Help - salvage valu

Question - 1. An asset is purchased for \$50,000. It has an estimated useful life of 12 years and a salvage value of \$5,000. What is the annual depreciation of the asset using the straight-line method? A. \$3,750.00 XXXXXX B. \$4,000.00 C. \$4,500.00 D. \$4,583.33 2. An asset purchased by Able Corporation for \$15,000 on 01/01/1997 also incurred freight charges of \$200 and installation cost of \$1,000. The asset had a life expectancy of eight years and a salvage value of \$2,800. What are the accumulated straight-line depreciation and book value on 01/01/2000? A. \$1,675; \$9,975 B. \$5,025; \$11,175 XXXXXX C. \$1,875; 10,575 D. \$6,075; \$10,125 3. Parker Inc. purchased a \$30,000 asset with a salvage value of \$1,200 and an estimated useful life of thr ...Read More

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