Answer:
acc depreciation at december 31th 2004 16,000
Explanation:
We will first calcualte the depreciaton per year on the printer:
acquisition - salvge value = subject to depreciation
30,000 - 6,000 = 24,000
Then depreciable amount / useful life = dep per year
24,000 / 3 = 8,000
on December 31, 2004 there will be two yeas of depreciation accumulated
8,000 dep for 2003
8,000 dep for 2004
16,000 acumulated depreciation
The book value will be:
30,000 acquisition
(16,000) acumulated depreciation
14,000 net book value
