On October 1, 2018, Swifty Company places a new asset into service. The cost of the asset is $125000 with an estimated 5-year life and $30500 salvage value at the end of its useful life. What is the book value of the plant asset on the December 31, 2018, balance sheet assuming that Swifty Company uses the double-declining-balance method of depreciation?
+3
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “On October 1, 2018, Swifty Company places a new asset into service. The cost of the asset is $125000 with an estimated 5-year life and ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Home » Business » On October 1, 2018, Swifty Company places a new asset into service. The cost of the asset is $125000 with an estimated 5-year life and $30500 salvage value at the end of its useful life.