Question 1200857: Question Link
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Part A: Estimate the cost of the equipment.
Cost = $
Part B: Estimate the salvage value of the equipment.
Salvage Value = $
Part C: Estimate the book value of the equipment in Year 4.
Book value in Year 4 = $
Part D: The equation for the book value of the farm equipment is
Value = 130,000 - 12,000(Years)
Use the equation to determine the book value when the equipment is six years old.
Book value at the end of Year 6 = $
Part E: Is your answer for Part D an example of interpolation or extrapolation?
Part F: Which of the following is the correct interpretation of the "12,000" in this equation?
$12,000 is the annual depreciation of the equipment.
$12,000 is the total depreciation of the equipment.
$12,000 is the salvage value of the equipment.
$12,000 is the basis of the equipment.
Part G: The book value of the equipment will be $70,000 at the end of Year.
Answer by ikleyn(52829)   (Show Source):
You can put this solution on YOUR website! .
As I see from this post /(and from a series of other posts), somebody wants to harness the tutors,
in order for they plow for him (or for her), performing his (or her) job.
It is a bad way to use the tutors' intellectual power.
We, the tutors, are here to teach you; not to perform your job.
Think about it.
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