Calculate the salvage value of equipment with a service life of 15 years if it was purchased 5 years ago for and depreciates at the rate of 10% per year.
A)$5 400
B)$12 000
C)$24 707
D)$60 000
E)$70 859

Question

Calculate the salvage value of equipment with a service life of 15 years if it was purchased 5 years ago for  and depreciates at the rate of 10% per year.
A)$5 400 
B)$12 000 
C)$24 707 
D)$60 000 
E)$70 859

Quizplus · Accepted Answer

The Answer of Calculate the salvage value of equipment with a service life of 15 years if it was purchased 5 years ago for  and depreciates at the rate of 10% per year.
A)$5 400 
B)$12 000 
C)$24 707 
D)$60 000 
E)$70 859

Calculate the Salvage Value of Equipment with a Service Life