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Fix value of Purchase price 5,000,000 Salvage 1,000,000

/in /by

Fix value of Purchase price 5,000,000 Salvage 1,000,000 After 3 years accumulated depreciation cost is 3,000,000
every year depreciation is 500,000

How much is book value end of 3 years

Professors said 2,000,000

I need to know how he reached out to this value

There is more data he went with this formula

Purchased price – depreciation cost / life of machine = 2,000,000

 
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