question 2 options: please provide your response to the nearest integer with no comma or $ sign. a tractor for over-the-road hauling is purchased for $51,000. it is expected to be of use to the company for 6 years, after which it will be salvaged for $3,000. calculate the depreciation deduction and the the book value during each year of the tractors life. using straight-line (sln) depreciation, provide depreciation and book value for year 5. depreciation for year 5

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wavychels4022 wavychels4022

30-11-2022
Business

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question 2 options: please provide your response to the nearest integer with no comma or $ sign. a tractor for over-the-road hauling is purchased for $51,000. it is expected to be of use to the company for 6 years, after which it will be salvaged for $3,000. calculate the depreciation deduction and the the book value during each year of the tractors life. using straight-line (sln) depreciation, provide depreciation and book value for year 5. depreciation for year 5

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Tutorconsortium315 Tutorconsortium315 · Answer 1 · 2022-12-03T10:03:02+01:00

The book value and the depreciation deduction for each year of the tractor's life. Provide depreciation and book value using straight-line (sln) depreciation; the result is $14333.33 for year 5.

What is purchase example?

10,000 pairs of shoes are ordered by Shoes Unlimited from a foreign vendor. This entails the issuing of a purchase agreement, which is a formal declaration by the business that it will buy the specified kind and number of shoes. They act as legally enforceable document of the goods/services which were ordered and serve as a significant tool for buyers by formalizing specifications and pricing.

Briefing:

Straight line depreciation:

straight-line method=cost of assets-salvage value/expected life

=$51,000-$3,000/6

=$50,500

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