Lewiswhite Farms
Lewiswhite Farms uses the sum-of-the-years-digits method of depreciation. A farm tractor costing $40,000 has an estimated life of ten years and an estimated scrap value of $1,000.

-Refer to Lewiswhite Farms. Compute the book value at the end of the fourth year. (Round depreciation amounts to the nearest dollar.)

Question

Lewiswhite Farms
Lewiswhite Farms uses the sum-of-the-years-digits method of depreciation. A farm tractor costing $40,000 has an estimated life of ten years and an estimated scrap value of $1,000.
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-Refer to Lewiswhite Farms. Compute the book value at the end of the fourth year. (Round depreciation amounts to the nearest dollar.)

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The Answer of Lewiswhite Farms
Lewiswhite Farms uses the sum-of-the-years-digits method of depreciation. A farm tractor costing $40,000 has an estimated life of ten years and an estimated scrap value of $1,000.
​
-Refer to Lewiswhite Farms. Compute the book value at the end of the fourth year. (Round depreciation amounts to the nearest dollar.)

Lewiswhite Farms Lewiswhite Farms Uses the Sum-Of-The-Years-Digits Method of Depreciation. a Farm