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
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
Solution Preview - No Solution Preview Available