Question
Company E. purchased equipment for 100,000 on 1/1/2020. The depreciation expense on the equipment was 10,000 for 2020 and 10,000 for 2021 and 10000 for
Company E. purchased equipment for 100,000 on 1/1/2020. The depreciation expense on the equipment was 10,000 for 2020 and 10,000 for 2021 and 10000 for 2022. The residual value of the equipment is 10,000? At 12/31/2022 what is the book value of the equipment?
| A. 100,000 | ||
| B. 90,000 | ||
| C. 80,000 | ||
| D. 70,000 | ||
| E. None of the above |
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Financial Accounting A Global Approach
Authors: Sidney J. Gray, Belverd E. Needles
1st Edition
9780395839867
