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Asset Depreciation and Book Value

This document contains information about two assets purchased on June 2, 2023 and March 15, 2022. It lists their acquisition costs, depreciation amounts, book values, and potential resale prices. Selling both assets at their highest resale price offers could yield a combined profit of over $96,000 compared to the assets' current book values.

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Jeremiah Montoya
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64 views2 pages

Asset Depreciation and Book Value

This document contains information about two assets purchased on June 2, 2023 and March 15, 2022. It lists their acquisition costs, depreciation amounts, book values, and potential resale prices. Selling both assets at their highest resale price offers could yield a combined profit of over $96,000 compared to the assets' current book values.

Uploaded by

Jeremiah Montoya
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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Uprear

Date Installed Date Useful Life (no. of years) Acquisition cost Depreciation Book Value
06/02/2023 2/29/2024 10.00 0.75 94,309.97 7,028.03 87,281.94
3/15/2022 2/29/2024 10.00 1.96 117,857.14 23,119.37 94,737.77

(23,547.17)
Resale Price
Offer
70,000.00 210,000.00 261,845.82 51,845.82
80,000.00 240,000.00 284,213.30 44,213.30

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