Question: A new barcode reading device has an installed cost basis of $24.460 and an estimated service life of seven years. It a. What will the


A new barcode reading device has an installed cost basis of $24.460 and an estimated service life of seven years. It a. What will the depreciation charge be in year seven? b What is the book value at the end of year six? c What is the gain (or loss) on the disposal of the device if it is sold for $4,200 after six years? a. The depreciation charge in year seven will be $ 1,233 (Round to the nearest dollar) b. The book value at the end of year six is $(Round to the nearest dollar) have a zero salvage value at that time. The 150% declining balance method is used to depreciate this asset 7 A new barcode reading device has an installed cost basis of $24.460 and an estimated serv a. What will the depreciation charge be in year seven? 5. What is the book value at the end of year six? What is the gain (or loss) on the disposal of the device if it is sold for $4,200 after six year- The depreciation charge in year seven will be $ 1,233 (Round to the nearest dollar.) The book value at the end of year six is $ (Round to the nearest dollar)
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