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Vacation Property Rentals purchased 50 television sets for their rental units at a cost of $250 per television. The televisions have an estimated life of 5 years and a salvage value of $40 per set. What is the book value of all of the televisions at the end of the fifth year?


$1,700

$1,500

$2,000

Verified Answer :

christinann062

$2,000

Because 50 tv's times $40 each = 2000

Answer:

Option C) 2000

Step-by-step explanation:

Given that vacation Property Rentals purchased 50 television sets for their rental units at a cost of $250 per television.

The televisions have an estimated life of 5 years and a salvage value of $40 per set.

Cost of tV / set =                   250 $

Less: Salvage value                40$

Net cost /set                          210$

Salvage value for all 50 sets \(= 50x40 = 2000 $\)

Out of three options given we find that option C is right answer

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