Find the book value of office equipment purchased at a cost C at the end of the nth year if it is to be depreciated by the double declining-balance method over 10 years. Assume a salvage value of $0. Round your answer to the nearest cents.
C = 70,000, n = 6

A) $18,361.19
B) $18,461.19
C) $18,350.08
D) $17,238.97

Question

Find the book value of office equipment purchased at a cost C at the end of the nth year if it is to be depreciated by the double declining-balance method over 10 years. Assume a salvage value of $0. Round your answer to the nearest cents. ​
C = 70,000, n = 6
​
A) $18,361.19
B) $18,461.19
C) $18,350.08
D) $17,238.97

Quizplus · Accepted Answer

The Answer of Find the book value of office equipment purchased at a cost C at the end of the nth year if it is to be depreciated by the double declining-balance method over 10 years. Assume a salvage value of $0. Round your answer to the nearest cents. ​
C = 70,000, n = 6
​
A) $18,361.19
B) $18,461.19
C) $18,350.08
D) $17,238.97

Find the Book Value of Office Equipment Purchased at a Cost