Question

An automobile purchased for use by the manager of a firm at a price of $24,000 is to be depreciated using the straight-line method over 5 years. What will be the book value of the automobile at the end of 3 years? (Assume the scrap value is $0.)

Answer 1

Are you saying that the value of the car will be worth $0 in 5 years? You give the initial price, but you don't give another price (at another time) or how the price is depreciating.

Answer 2

Something seems off here

Answer 3

thats what the problem is

Answer 4

Is there a graph that goes along with it?

Answer 5

nope

Answer 6

nope