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    mmaples1's Avatar
    mmaples1 Posts: 1, Reputation: 1
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    #1

    Jul 16, 2011, 01:26 PM
    accounting-book value of equipment
    Equipment acquired on January 3, 2007, at a cost of $494,400, has an estimated useful life of 15 years, has an estimated residual value of $40,800, and is depreciated by the straight-line method.

    a. What was the book value of the equipment at December 31, 2010, the end of the year?


    I came up with 426384
    dwan lee's Avatar
    dwan lee Posts: 4, Reputation: 1
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    #2

    Jul 16, 2011, 08:29 PM
    Please redo your problem it is wrong
    Unknown008's Avatar
    Unknown008 Posts: 8,076, Reputation: 723
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    #3

    Jul 17, 2011, 03:21 AM

    Indeed, how can your equipment get more value if it depreciates? :confused:
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