What Would the Book Value Be at the End of Year

question 128

Multiple Choice

What would the book value be at the end of year 6 for a piece of equipment using the straight-line method when cost is $8,000, residual value is $1,400, and the expected life is 11 years? (Round any intermediate calculations to the nearest cent, and your final answer to the nearest dollar.)

• A) $3,636
• B) $3,600
• C) $4,400
• D) $3,000

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