Question: Use the following assumptions from a project to solve Problems 23 thru 26. The land costs $500,000 The building costs $3,000,000 and depreciates straight-line by

 Use the following assumptions from a project to solve Problems 23

Use the following assumptions from a project to solve Problems 23 thru 26. The land costs $500,000 The building costs $3,000,000 and depreciates straight-line by $100,000 per year The manufacturing equipment costs $10,000,000 and depreciates straight-line by $1,000,000 per year The high-tech equipment costs $6,000,000 and depreciates straight-line by $2,000,000 per year Enter all answers for 23 thru 26 as a whole number, ROUND to the nearest whole dollar (i.e., DO NOT use cents), and DO NOT use the S sign. Commas are optional (but you are advised to use them). 23. What is the Book Value of the Land at the end of Year 5? (2 points) 24. What is the Book Value of the Building at the end of Year 5? (2 points) 25. What is the Book Value of the Manufacturing Equipment at the end of Year 5? (2 points) 26. What is the Book Value of the High-Tech Equipment at the end of Year 5? (2 points)

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