Vacation Property Rentals purchased 50 television sets for their rental units at a cost of $250 per television. The televisions have an estimated life of 5 years and a salvage value of $40 per set. What is the book value for all of the televisions at the end of the third year?

Under A straight line basis which is a method of computing depreciation and amortization by dividing the difference between an asset's cost and its expected salvage value by the number of years it is expected to be used. Also known as straight line depreciation or straight line amortization, this is the simplest depreciation method. But instead of that find The rate of depreciation

100/5 years=20% depreciation rate per year

Total cost 250*50=12,500

Salvage value 40*50=2,000

Subtract the salvage value from the total cost of televisions

12,500-2,000=10,500

In the first year the depreciation is

10,500*0.2=2,100

Book value

12,500-2,100=10,400

In the second year the depreciation is

10,500*0.2=2,100

Book value

10,400-2,100=8,300

In the third year the depreciation is

10500*0.2=2100

Book value

8300-2100=6200

the book value for all of the televisions at the end of the third year is 6200