Plethora Farms purchased a greenhouse for $52,700. Delivery costs totaled $1,825 and handling costs were $3,000. The useful life is 10 years and the salvage value is $14,050. Using the straight-line depreciation method, calculate the book value at the end of year 4. Group of answer choices $31,256 $58,000 $22,000 $40,135
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Ответ:
$40,135
Explanation:
Straight line depreciation expense = (Cost of asset - Salvage value) / useful life
Cost of the asset =purchase cost + delivery cost + handling cost
$52,700 + $1,825 + $3,000 = $57,525
depreciation expense = ($57,525 - $14,050) / 10 = $4,347.50
book value at the end of year 4 = cost of the asset - accumulated depreciation
Accumulated depreciation = $4,347.50 x 4 = $17,390
Book value = $57,525 - $17,390 = $40,135
Ответ:
answer: anumber you mother freacker
explanation: