A grader has an initial cost of $220,000 and an estimated useful life of 12 years. The

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A grader has an initial cost of $220,000 and an estimated useful life of 12 years. The salvage value after 12 years of use is estimated to be $25,000.

a) What is the annual depreciation amount, if the straight-line method of depreciation accounting is used?

b) What is the book value at the end of the sixth year, if the sum-of-the-years method of depreciation accounting is used?

c) What is the book value at the end of the fifth year if the double declining-balance method of depreciation accounting is used?

Related Book For answer-question

Contemporary Engineering Economics

ISBN: 978-0136118480

5th edition

Authors: Chan S. Park

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Posted Date: May 23, 2023 06:47 AM

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A grader has an initial cost of $220,000 and an estimated useful life of 12 years. The

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a straightline method of depreciation 220000 25000 12 16250 b sumoftheyears method of depreciat... View the full answer

Contemporary Engineering Economics

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