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MBA, Ph.D in Management
Harvard university
Feb-1997 - Aug-2003
Professor
Strayer University
Jan-2007 - Present
Hey again! So I'm not sure how to solve this question,
On Jan. 1st, 2006, a company purchased a fixed asset costing $128,349, with a residual value of $3,081,
and an estimated useful life of 6 years.
What would be the carrying value of this asset on the 12/31/08 Balance Sheet?
The company uses the double declining balance method of depreciation.
Round your answer to whole dollars.Â
This is what the answer is supposed to be: 38,029 ± 5
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