jack runs his own air conditioning repair business he purcha

jack runs his own air conditioning repair business. he purchases a hydraulic A/C hose crimper to use on the job for a cost of 922.99$ it will fully depreciated after five years at the following percents 20% the first year 32% the second year 19.2% the third year 11.5% the fourth year and 5.8% the fifth year. using marks depreciation what is the book value of jacks hydraulic A/C hose crimper after three years?

Solution

the book value of jacks hydraulic A/C hose crimper after three years = 922.99 *(1-0.20)(1-0.32)*(1-0.192) = 922.99*0.439552=405.7021