If the straight-line method of depreciation is used, what is the net book value of the excavator
Question:
If the straight-line method of depreciation is used, what is the net book value of the excavator at the end of four years?
(a) £13,600
(b) £24,000
(c) £26,400
(d) £29,800
The following information applies to question.
JK Builders Co purchases a new excavator costing £40,000. Its expected useful life is 10 years, at which point it is anticipated that the excavator will have a residual value of £6,000.
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