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Mathematics 13 Online
OpenStudy (anonymous):

Nobel Appliances purchased office furniture for a cost of $16,000. The furniture has an estimated life of 10 years and has an annual depreciation of $1,500. What is the salvage value of the furniture?

OpenStudy (anonymous):

Salvage value?

OpenStudy (anonymous):

The salvage value is the estimated trade-in, resale, or scrap value at the end of the item’s expected life. The formula is: Annual Depreciation=Original Cost –Salvage Value Estimated Life

OpenStudy (anonymous):

original cost-salvage value/ estimated life

OpenStudy (anonymous):

16,000-15,000 /10yrs ? (10)(1,500)=$15,000 { depriciation

OpenStudy (anonymous):

No, it was wrong but thank you for helping

OpenStudy (anonymous):

Sorry, could have been [16,000-(16,000-15,000)]\2

OpenStudy (anonymous):

Okay I will try that thank you

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