Use the following information for questions

-Assuming straight-line depreciation, what will be the net book value of component A after 5 years?
A)$19,000
B)$20,000
C)$55,600
D)nil

Question

Use the following information for questions 
 
-Assuming straight-line depreciation, what will be the net book value of component A after 5 years?
A)$19,000 
B)$20,000 
C)$55,600 
D)nil

Quizplus · Accepted Answer

The net book value is calculated by subtracting accumulated depreciation from the initial cost. Assuming straight-line depreciation, the net book value after 5 years would be $20,000.

Use the Following Information for Questions