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14 January, 19:34

a machine for $152,000. Its estimated life is 10 years with a residual value of $9,000. Using the straight-line method, what is the book value of the machine at the end of year 2?

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  1. 14 January, 20:38
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    100/10 year=10% rate of depreciation per year

    With straight line method we exclude the residual value and then calculate the depreciation

    152000-9000=143000

    The amount of depreciation after 2 years

    143,000*0.1*2=28,600

    So the book value is

    143,000-28,600=114,400
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