Martha buys a duplicating machine for $20,000 with a residual value of 2,000. the estimated life is five years. what is the book value at the end of year 1, assuming the straight line method. please explain the answer. thank you
Martha buys a duplicating machine for $20,000 with a residual value of 2,000. the estimated life is five years. what is the book value at the end of year 1, assuming the straight line method. please explain the answer. thank you