Lockheed Martin won a contract to build and launch a satellite for Vietnam Posts and Telecommunications Group
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Question:
Lockheed Martin won a contract to build and launch a satellite for Vietnam Posts and Telecommunications Group at the cost of $500,000,000. Assume the satellite is to be depreciated over an 8-year period. Using 1.5 declining balance (DB), what is the book value (BV) after year 9.
Is the BV =0, since it is after the depreciation period? If not please explain.
Related Book For
Intermediate Accounting
ISBN: 978-0324300987
10th Edition
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
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