if-a-vehicle-is-purchased-for-50000-and-has-an-annual-depreciation-of-5000-what-

Question

If a vehicle is purchased for $50,000 and has an annual depreciation of $5,000, what will be the accumulated depreciation and net book value after 5 years?

Accepted Answer

Accumulated depreciation: $25,000; Net book value: $25,000

Answer

Accumulated depreciation: $15,000; Net book value: $35,000

Answer

Accumulated depreciation: $30,000; Net book value: $20,000

Answer

Accumulated depreciation: $20,000; Net book value: $30,000

If a vehicle is purchased for \$50,000 and has an annual depreciation of \$5,000, what will be the accumulated depreciation and net book value after 5 years?