Magnotti floors purchased a floor sander for 3550 delivery


Magnotti Floors purchased a floor sander for $3,550. Delivery costs totaled $225. The salvage value is $755 after 8 years. Using the straight-line depreciation method, calculate the book value at the end of year 5.

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Accounting Basics: Magnotti floors purchased a floor sander for 3550 delivery
Reference No:- TGS02545925

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