SOLUTION: Given a cost of $180,000 and a salvage value of $30,000, using the Straight-Line method what would the Book Value be at the end of the 7th year given a useful life of 15 years?

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Question 307709: Given a cost of $180,000 and a salvage value of $30,000, using the Straight-Line method what would the Book Value be at the end of the 7th year given a useful life of 15 years?

Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
180000-30000=150000/15=10000 per yr
(150000-70000)+30000=$110,000