Register
on january 1, 2018, lennox corporation purchased equipment for $100,000. lennox depreciated the equipment straight--line over 10 years with no residual value. what is the book value of the equipment on
78.2k views
5 votes
on january 1, 2018, lennox corporation purchased equipment for $100,000. lennox depreciated the equipment straight--line over 10 years with no residual value. what is the book value of the equipment on january 1, 2021?

User Guy Louzon
by
6.8k points

1 Answer

5 votes

Answer: $70,000

Explanation: $100,000/10 years = $10,000

User Kiro
by
7.0k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

7.8m questions

10.5m answers

Other Questions

Who was Adam Smith ? Anybody?
What can turn igneous rock into sediment?
In what way did the GI Bill contribute to the growth of professional and white-collar jobs ? A.by providing US laborers with new job-training programs B.by giving US veterans assistance to purchase a new
What is the best way to describe a stock market?
You sell popcorn during your schools football games. Knowing that the people usually buy more when the price is lower, how would you price your popcorn after halftime?
Link Copied!