Question #288420

What is the value of an asset after 8 years of use if it depreciates from its original value of 500, 000 to its salvage value of 1.5% in 10 years? (Use Straight Line Method) 


1
Expert's answer
2022-01-18T13:02:06-0500

The value of an asset after 8 years of use is:

PV=500,000×0.985×(1−0.8)=98,500.PV = 500,000×0.985×(1 - 0.8) = 98,500.


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