Friday 2 August 2013

Suppose you purchase a $10,000 barge -- a 10-year asset. What is the book value of the barge in the 2nd year you own it? your answer is ..................?

Suppose you purchase a $10,000 barge -- a 10-year asset. What is the book value of the barge in the 2nd year you own it?
your answer is ..................?


Answer
$720

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