if-a-machine-has-a-purchase-price-of-100000-and-annual-depreciation-of-10000-wha

Question

If a machine has a purchase price of $$100,000 and annual depreciation of 10$$,000, what will be the accumulated depreciation and net book value after 3 years?

Accepted Answer

Accumulated depreciation: $$30,000; Net book value: 70$$,000

Answer

Accumulated depreciation: $$40,000; Net book value: 60$$,000

Answer

Accumulated depreciation: $$20,000; Net book value: 80$$,000

Answer

Accumulated depreciation: $$10,000; Net book value: 90$$,000

If a machine has a purchase price of \$100,000 and annual depreciation of \$10,000, what will be the accumulated depreciation and net book value after 3 years?