Question: help pls! what is the net book value in the circle EXERCISE 2: Straight-Line Depreciation: Complete the following problem. Lucianno's Pizza used cash to purchase

help pls! what is the net book value in the circle
help pls! what is the net book value in the circle EXERCISE

EXERCISE 2: Straight-Line Depreciation: Complete the following problem. Lucianno's Pizza used cash to purchase a car on January 1st to be used in delivering pizzas. The car cost $14,000. It will be used for 5 years, after which its salvage value is estimated to be $2,000. In those 5 years, Lucianno's estimates that the car will be driven 80,000 miles. Calculate the depreciation to be recorded each year using the Straight-Line method and a) Record the purchase. b) Record the first and second year depreciation entries using the t-accounts below. UsefulLifeCostSalvage=years$=$ per year After recording the first two years of depreciation using the Straight-Line method, what is the Net Book Value of the rar

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