Question: Harrison, a facilities manager, would like to purchase a new commercial water filtration system for a building he manages. He estimates this would cost $10,000

Harrison, a facilities manager, would like to purchase a new commercial

Harrison, a facilities manager, would like to purchase a new commercial water filtration system for a building he manages. He estimates this would cost $10,000 and would have a salvage value of $500 after 7 years of use. Using straight-line depreciation, what would be the depreciation allowance and book value after 3 years of use? Depreciation $ allowance: $ $ $ Book value: |

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