Adjusting Entries: Depreciation Video Lessons

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Problem: Equipment with a cost of $115,000 has a useful life of 4 years and no salvage value. Using straight-line depreciation, what is the book value after 3 years? A) $28,750 B) $38,333 C) $103,000 D) $86,250

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Problem Details

Equipment with a cost of $115,000 has a useful life of 4 years and no salvage value. Using straight-line depreciation, what is the book value after 3 years?

A) $28,750

B) $38,333

C) $103,000

D) $86,250

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Based on our data, we think this problem is relevant for Professor Elias' class at FIU.