Deep Blue, a deep sea fishing company, bought a boat for $250,000. After 9 years, Deep Blue plans to sell it for a scrap value o

Answer:

Hence, utilizing linear depreciation gives us 17222.22.

Step-by-step explanation:

The boat's initial value is noted to be $250,000.

The straight-line depreciation method for calculating a boat is as follows:

Cost of the boat is $250,000.

Deep Blue anticipates selling it for $95,000 after 9 years.

Employing the formula, we calculate:

(250000-95000)/9=155000/9=17222.22

Thus, the outcome using linear depreciation is 17222.22.