Question: how to find book value? DATA Cost $ 400,000.00 Residual Value $ 20,000.00 Useful Life (Years) 4 Useful Life (Hours) 8,000 Gain End of Year

how to find book value?

DATA
Cost $ 400,000.00
Residual Value $ 20,000.00
Useful Life (Years) 4
Useful Life (Hours) 8,000
Gain End of Year 1 $ 6,000.00
Units of Production
Year Depreciation Per Unit Machine Hours Depreciation Expense Accumulated Depreciation Book Value
1 $ 47.50 2,400 $ 114,000.00 $ 114,000.00

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