Net book value, Corporate Finance

Flower stands whose beneficial life spans a period of eight years was purchased on 1 August  2011 for $12,000.   It can be sold as scrap for $2,000.  The business has a financial year end balance date of 30 June.

  • Suppose that the business uses straight line method to depreciate its equipment

(a)  Determine the net book value, depreciation expense, and accumulated depreciation  of this equipment for the years 2012  to 2020. Present your solution using the following table format.

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Posted Date: 3/21/2013 3:58:33 AM | Location : United States







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