Test your Intermediate-level Depreciation Methods Straight Line skills in Valuation Measurement Methods. This timed assessment evaluates your expertise in Accounting.
Duration: 5 minutes
•40 questions
Time Remaining: 05:00
Progress: 0%
40 questions remaining
Question 1 of 40Assessment
A company purchases equipment for $120,000 with an estimated useful life of 8 years and a salvage value of $8,000. What is the book value of the equipment at the end of year 3?