Question: Lockheed Martin won a contract to build and launch a satellite for Vietnam Posts and Telecommunications Group at the cost of $500,000,000. Assume the satellite

Lockheed Martin won a contract to build and launch a satellite for Vietnam Posts and Telecommunications Group at the cost of $500,000,000. Assume the satellite is to be depreciated over an 8-year period. Using 1.5 declining balance (DB), what is the book value (BV) after year 9.

Is the BV =0, since it is after the depreciation period? If not please explain.

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