Question

if the book value of a certain piece of equipment was $5,000 exactly 5 years ago, what is its present book value?

Answer 1

Assuming that the equipment depreciate at a constant rate over time, we would need to know the depreciation rate determine the book of the equipmentWithout this information, we cannot calculate the current book value.

Answer 2

Assuming that the equipment depreciates at a constant rate over time, we would need to know the depreciation rate to determine the current book value of the equipment. Without this information, we cannot calculate the current book value.