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Calculate the Salvage Value of Equipment with a Service Life

Question 9

Multiple Choice

Calculate the salvage value of equipment with a service life of 15 years if it was purchased 5 years ago for Calculate the salvage value of equipment with a service life of 15 years if it was purchased 5 years ago for and depreciates at the rate of 10% per year. A) $5 400 B) $12 000 C) $24 707 D) $60 000 E) $70 859 and depreciates at the rate of 10% per year.


A) $5 400
B) $12 000
C) $24 707
D) $60 000
E) $70 859

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