The yearly depreciation for a piece of machinery was $1500 over 6 years. If the cost of the machinery was $15,000, what was its salvage value?

• every year the machine depreciated by $1,500
  over 6 years , it depreciated by 6 * $1500 = $9000
  
  So salvage value = $15000 - $9000 = $6000
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