1. A company has a fixed asset with an historical cost of $120,000, Accumulated Depreciation of $83,000, and a salvage value of $3,000. How much of this asset can still be depreciated?

a. $80,000

b. $34,000

c. $37.000

d. $31,000

2. A company has a fixed asset with an historical cost of $120,000, Accumulated Depreciation of $83,000, and a salvage value of $3,000. What is the asset's book value?

a. $117,000

b. $34,000

c. $120,000

d. $37,000