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Mohr Company purchases a machine at the beginning of the year at a cost of $39,000....

Mohr Company purchases a machine at the beginning of the year at a cost of $39,000. The machine is depreciated using the straight-line method. The machine’s useful life is estimated to be 5 years with a $5,000 salvage value. The book value of the machine at the end of year 2 is

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Answer #1
Book Value at the end of Year 2 [39000-13600] $               25,400

Working:

Equipment Cost $               39,000
Estimated Salvage Value $                 5,000
Useful Life 5 Years
Accumulated Depreciation after 2Years [(39000-5000)/5Years*2Years] $               13,600
Book Value at the end of Year 2 [39000-13600] $               25,400
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