...through this step by step? So here is the problem we did in class today and I still didn't understand.I want to know step by step exactly what you do to get the book value. The professor said that the equation for getting book value is Cost - Accumulated Depreciation = Book Value. OK and that to get the Accum. Deprec. you use Cost - Salvage Divided by Useful life. Ok so I get all that so now here is the problem: On June 1, 2009, a depreciable asset was acquired for $5,400. The asset has an estimated useful life of five years (60 months) and no salvage value. Using the straight line depreciation method, calculate the book value as of December 31, 2009. OK so can someone please talk me through this problem STEP BY STEP? PLEASE!!! I am so LOST!!
Ok I am still having such a tough time with finding book value can someone talk me...
- Thread starter Melly Mel
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