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Levels Tought:
Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 398 Weeks Ago, 5 Days Ago |
| Questions Answered: | 66690 |
| Tutorials Posted: | 66688 |
MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Supreme Fitness Club uses straight-line depreciation for a machine costing $21,750, with an estimated four-year life and a $2,250 salvage value. At the beginning of the third year, Supreme determines that the machine has three more years of remaining useful life, after which it will have an estimated $1,800 salvage value. Compute (1) the machine"s book value at the end of its second year and (2) the amount of depreciation for each of the final three years given the revised estimates.
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