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Sophie [7]
2 years ago
10

Mideast Airlines purchased a 777 aircraft on January 1, 2020 at a cost of

Business
1 answer:
iren [92.7K]2 years ago
8 0

Answer:

3,400,000 accumulated depreciation, 36,600,000 book value

Explanation:

Cost - salvage = amount to be depreciated

40,000,000-6,000,000=34,000,000 amount to be deprecated

34,000,000/20 years =1,700,000 depreciation per year

1,700,000x2-3,400,000 accumulated depreciation after 2 years

40,000,000-3,400,000=36,600,000 book value

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