A truck costs $16,000 with a residual value of $1,000. It has an estimated useful life of five years. If the truck was bought on

Question

2 years ago

15

July 3, what would be the book value at the end of year 1 using straight-line rate?

2 answers:

Butoxors [25] · Answer 1 · 2022-08-06T05:58:06+03:00

7 0

the book value at the end of year one would be $6.00 an hour and $0.23 cents a minute using a straight line rate. :)

Zinaida [17] · Answer 2 · 2022-08-06T07:33:07+03:00

3 0

If its 0.23 a minute then you can multiply 0.23 x 60 = 13.80 13.80 + 6.00 =19.80