Question
Cutter Enterprises purchased equipment for $57,000 on January 1, 2018. The equipment is expected to have a five-year life and a residual value of $6,600.
Cutter Enterprises purchased equipment for $57,000 on January 1, 2018. The equipment is expected to have a five-year life and a residual value of $6,600. Using the straight-line method, the book value at December 31, 2018, would be:
A.$46,920.
B.$40,320.
C.$39,000.
D.$45,600.
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Intermediate Accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson
6th edition
978-0077328894, 71313974, 9780077395810, 77328892, 9780071313971, 77395816, 978-0077400163
