What is the book value of the equipment at the end of year

Assignment Help Financial Management

Reference no: EM131974403

A firm is trying to decide whether to keep an item of construction equipment for another year. The firm has been using double-declining-balance (DDB) for book purposes, and this is the 4th year of ownership of the equipment, which cost $131,000 new. The useful life of the asset is 10 years and has a salvage value of $19,000. What is the book value of the equipment at the end of year?.

Reference no: EM131974403

Questions Cloud

Statements is false about futures contracts : Which of the following statements is false about futures contracts?

Discuss the protections that are or were employed : Discuss the protections that are or were employed? If you feel that the facility does not do enough, how could they improve their protection strategy?

What is the purpose of the models : Financial models have a variety of useful applications. Users of financial models must possess a firm grasp of the input risk and limitations of the model.

Measurement in either inches or centimeters : Make a program that displays a measurement in either inches or centimeters. The program should allow the user the choice of converting a measurement

What is the book value of the equipment at the end of year : The useful life of the asset is 10 years and has a salvage value of $19,000. What is the book value of the equipment at the end of year?.

Make a program that displays the gross pay : Make a program that displays the gross pay for one or more employees. The program should allow the user to enter the number of hours the employee worked

What is the project operating cash flow : The financial staff of Cairn Communications has identified the following information for the first year of the roll-out of its new proposed service.

Satellite-based navigation application : How would the principles and processes of object-oriented analysis and design apply to the Satellite-Based Navigation application using any format?

Analyse the statements made by cindy : Business Law - CO5119:03 - Internal and External - explain to Andy what amounts (in dollars) you believe he can receive as compensation from CER

User Account

All Pages