It is known that the book value of an asset depreciated through declining balance depreciation is
$3 000 in year 3. Purchase price of the asset was $3 800. What is the asset's salvage value at the end of its useful life, which is 10 years?

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The Answer of It is known that the book value of an asset depreciated through declining balance depreciation is
$3 000 in year 3. Purchase price of the asset was $3 800. What is the asset's salvage value at the end of its useful life, which is 10 years?

It Is Known That the Book Value of an Asset