1. XYZ bought a press 4 years ago for $116,750 which is being depreciated straight-line to a salvage value of $4,250 over 6 years. The press is 4 years old and XYZ wants to sell the press today. XYZ calculated the Book Value to be ____
2. Larry can invest $3000 today. He wants to have $4000 in 4.5 years. About how much must he earn on his money to reach his goal?
3.You are analyzing the sale of an asset. The asset has a basis of $21,210 and was depreciated a straight-line to $4000 salvage over 7 years. The asset will be sold after 9 years. The book value of the asset is