What is the book value of the asset after five years

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Problem 1: MCA Healthcare invests $1 million in a rehab facility. The investment is depreciated straight-line over 25 years toward a salvage value of $200,000. What is the book value of the asset after five years?

1) $1,000,000

2) $760,000

3) $880,000

4) $780,000

5) $840,000

6) $1,100,000

7) $900,000

8) $860,000

9) $800,000

10) $820,000

Reference no: EM132968105

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