n equipment costing 50,000 has a book value of 4,000 after 8yrs. The depreciation is computed by using the constant percentage of the declining b

College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter18: Accounting For Long-term Assets
Section: Chapter Questions
Problem 3CE: A machine costing 350,000 has a salvage value of 15,000 and an estimated life of three years....
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An equipment costing 50,000 has a book value of 4,000 after 8yrs. The depreciation is computed by using the constant percentage of the declining book value. Compute for the salvage value after 12 years.

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