A Machine Costing $42,246 Is Expected to Last 10 Years

question 41

Multiple Choice

A machine costing $42,246 is expected to last 10 years with a scrap value of $4000.The machine is depreciated using the constant percentage method with d = 21%.After 5 years,the depreciation method is changed to the straight-line method for the final 5 years.What is the book value after 7 years?

• A)$7799.60
• B)$8112.88
• C)$8661.11
• D)$9399.60

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