Discussion
For that asset the book value after 4 years under straight line is
Answer: B
Correct answer: 60 000
Book value is first cost less the depreciation charged so far: \[ 100\,000 - 4 \times 10\,000 = 60\,000. \] After all nine years the accumulated depreciation is 90 000 and the book value is 10 000, the salvage value - which is the check that the method has been applied correctly.
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