Question
choose right answer only: On 2014-05-01, the company received a productive machine being purchased from a South Korean supplier on 2014-04-01 at a total acquisition
choose right answer only:
On 2014-05-01, the company received a productive machine being purchased from a South Korean supplier on 2014-04-01 at a total acquisition cost of $132,000. The machine was back on the production line two months after it was received. The machine is usable over 10 years and depreciated according to the linear method from the date of its entry into service. The residual value of the machine is $2,000. The machine suffered irreparable damage on 04/01/2021. On that date, a recovery company came to remove it free of charge. Because this machine is insured, the company recovered $4,250 in cash from the insurance company. On 04/01/2021, the net book value of the machine is what? (If applicable, take only two decimal places, for example: 23.1589 = 23.15): Question options:
none of the above
$41,000
$44,250
$43,166.67
$42,083.34
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