The life of a car is 5 years. The original cost of the car was 25,000 and the salvage value was ...

The life of a car is 5 years. The original cost of the car was 25,000 and the salvage value was 5,000. What is the second-year depreciation?

Q. 2

The original cost of a sailboat was 25,000 with an estimated life of 5 years. What is the second-year depreciation?

Q. 3

The original cost of a truck was 24,000 with an estimated life of 10 years. What is the end-of-year book value?
 A) 4,800
  B) 9,600
  C) 14,400
  D) 19,200

Q. 4

The life of a microwave is 7 years. The original cost of the microwave was 1,200 and the salvage value was 500. What is the first-year depreciation?
 A) 175
  B) 325
  C) 700
  D) 1,025

Q. 5

Julie bought a boat at the beginning of the year for 35,000. The boat has an estimated life of 8 years and a salvage value of 14,000 at the end of the 8-year period. What is the book value after the first year?
 A) 32,375
  B) 29,750
  C) 21,000
  D) 2,625

Q. 6

The original cost of a wave runner was 8,000 with an estimated life of 5 years. What is the first-year depreciation?
 A) 3,200
  B) 1,600
  C) 800
  D) 400