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Jim Clinnin purchased a used RV with 19,300 miles for $47,200. Originally the RV sold for $71,500 with a residual value
Posted: Sun Jul 03, 2022 3:57 pm
by answerhappygod
- Jim Clinnin Purchased A Used Rv With 19 300 Miles For 47 200 Originally The Rv Sold For 71 500 With A Residual Value 1 (12.35 KiB) Viewed 13 times
Jim Clinnin purchased a used RV with 19,300 miles for $47,200. Originally the RV sold for $71,500 with a residual value of $20,300. After subtracting the residual value, depreciation allowance per mile was $0.89. How much was Jim's purchase price over or below the book value? (Input the amount as positive value.) Purchase price was the book value by