document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=701039>Question 701039</A>: <I><SPAN STYLE=\"word-break: break-all;\"> An automobile purchased for use by the manager of a firm at a price $24,000 is to be depreciated using the straight line method over 5 years. what will be the  book value of the automobile at the end of 3 years? (assume the scrap value is $0). THANKS </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #432169 by </B><A HREF=/tutors/aboutme.mpl?userid=checkley79><B>checkley79(3341)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=checkley79><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=432169\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> 24,000/5=4800 PER YEAR IS THE DEPRECIATION.<BR>\n" );
document.write( "24000-3*4800<BR>\n" );
document.write( "24000-14400=$9600 VALUE AFTER 3 YEARS. </SPAN>\n" );
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