Question : Consider the following data:
Silicon Valley Company : 6883
Consider the following data:
Silicon Valley Company purchased an asset costing $72,000 that is expected to produce 500,000 units and have a salvage value of $6,000. The first year, 90,000 units are produced; the second year, 82,000 units are produced; the third year, 94,000 units are produced.
Using the units-of-production method, the book value of the asset at the end of year 3 would be:
$60,120
None of these answers are correct
$23,408
$10,824
$12,408
$43,897
$49,296
$36,888
$11,880
$39,456