A local company purchased new manufacturing equipment for $8…
A local company purchased new manufacturing equipment for $800,000. The equipment has an anticipated life of 10 years and a salvage value of $10,000. Using straight-line (SL) depreciation, what is the depreciation rate for year 3? (two decimals) Using straight-line (SL) depreciation, what is the deprecation charge for year 3? $ (nearest dollar) Using straight-line (SL) depreciation, what is the book value at the end of year 3? $ (nearest dollar)