Assume you purchased a crane for $900,000 ten years ago. Accumulated depreciation has a balance of $460,000 and you sell the crane for $480,000. What is the book value of the crane

Book value= $440,000

Explanation:

Giving the following information:

Assume you purchased a crane for $900,000 ten years ago. Accumulated depreciation has a balance of $460,000.

In accounting terms, the book value of an asset is the difference between the purchasing price and the accumulated depreciation:

Book value= 900,000 - 460,000= $440,000

answer; encouraging the development of innovations by firms attempting to break a monopoly; (creative destruction)

urban company reports the following information regarding its production cost: units produced 37,000 units direct labor $ 30 per unit direct materials $ 35 per unit variable overhead $ 237,000 in total fixed overhead $ 127,000 in total