On January 1, 20–, a depreciable asset was acquired for $5,760. The asset has an estimated useful…

On January 1, 20–, a depreciable asset was acquired for $5,760. The asset has an estimated useful life of four years (48 months) and no salvage value. Use the straight-line depreciation method to calculate the book value as of July 1, 20–.View Solution:
On January 1 20 a depreciable asset was acquired for