Question: Perform these exercises using the straight-line method. 1. An asset owned by Photon Environmental was book depreciated over a 5-year. Book Value= $384,106 Salvage Value

Perform these exercises using the straight-line method.

1. An asset owned by Photon Environmental was book depreciated over a 5-year. Book Value= $384,106 Salvage Value = $87,426

Useful Life: 5 Years 2. An equipment purchased on January 2,2015 was book depreciated over a 5 year. Book Value $40,000 Salvage Value= $4,000 Useful Life: 5 Years

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