Benz and jacobs accounting purchased a new computer system for $3,500. the total resale value after 5 years is estimated to be $525. using the straight-line method, benz and jacobs determined that the computer system would depreciate $595 per year. what is the salvage value of the system?

The salvage value of the system is $525.

Step-by-step explanation:

Since we have given that

Cost of a new computer system = $3500

Number of useful life of the asset = 5 years

Annual depreciation expense = $595

So, we need to find the "Salvage value of the system":

According to straight line method, we know the formula :

Hence, The salvage value of the system is $525.

step-by-step explanation: