Question: Question 30 Solve the problem. Tech Support Associates purchased a new computer network server and replaced all its terminals for $28,900. Its estimated life is

Question 30

Solve the problem. Tech Support Associates purchased a new computer network server and replaced all its terminals for $28,900. Its estimated life is 3 years, at which time it will have a scrap value of $2800. Use the straight-line method of depreciation to find the annual amount of depreciation. Find the book value at the end of 2 years.

		$8700, $11,500
		$9633, $9634
		$8700, $17,400
		$9633, $19,266

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