A. sound tracker company retires its delivery equipment, which cost $41,000. accumulated depreciation is also $41,000 on this delivery equipment. no salvage value is received.
The amount of the salvage may be calculated using various equations. We are given that the sound tracker is retired about some time and this was initially bought at $41,000. However, we are given that the accumulated depreciation is also equal to $41,000.
Since the initial payment is similar to the accumulated depreciation hence, the salvage value is zero.
