Question

If a truck is purchased for 13000 and will last 6 years what is the book value in 2 years

Answer 1

10400

value deprecates by 2600 each year

13000 ÷ 6 = 2600

first year 13000

2nd year 10400

3rd year 7800

4th yr 5200

5th year 2600

6th yr 0

ig...