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Financial Accounting for Local and State School Systems: 2009 Edition
NCES 2009-325
June 2009

Exhibit 4.  Accumulated depreciation method
Original cost minus salvage value $45,000 $5,000 = $40,000
Accumulated depreciation at the end of year 6 $30,000
Net Book value calculation $40,000 $30,000 = $10,000
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National Center for Education Statistics -
U.S. Department of Education