Ask Question
26 September, 02:30

An automobile purchased for use by the manager of a firm at a price of $24,000 is to be depreciated linearly over 5 years. What will the book value of the automobile at the end of 3 years be? Assume a scrap value of $0.

+1
Answers (1)
  1. 26 September, 06:03
    0
    2,400/5=4,800 per year is the depreciation.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “An automobile purchased for use by the manager of a firm at a price of $24,000 is to be depreciated linearly over 5 years. What will the ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers