Beatrice Bakery purchases an industrial oven on January 1. Year 1. They paid $105,000 for the oven and it has an estimated salvage value of $8,750 . The oven is depreciated using the double-declining-balance method. The over's useful life is estimated to be 4 years.

What is the oven's book value at the end of year 3?

Answer rating: 100% (QA)

Solution Step 1 Calculate the depreciation expense per year using the doubledecliningbalance method Doubledecliningbalance method calculates depreciat... View the full answer