an-asset-was-purchased-for-100000-with-a-residual-value-of-10000-and-a-useful-li

Question

An asset was purchased for $100,000 with a residual value of $10,000 and a useful life of 10 years. After 3 years of straight-line depreciation, what is the net book value?

Accepted Answer

$73,000

Answer

$70,000

Answer

$77,000

Answer

$80,000

An asset was purchased for \$100,000 with a residual value of \$10,000 and a useful life of 10 years. After 3 years of straight-line depreciation, what is the net book value?