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IJK Company purchased a machine on 01-05-2015 at a cost of $100,000. The machine is being depreciated using the declining balance method. The useful life
IJK Company purchased a machine on 01-05-2015 at a cost of $100,000. The machine is being depreciated using the declining balance method. The useful life of the machine is 6 years. The declining balance rate is 12%. The residual value of the machine is $1000. The company sold the machine on 01-01-2021 for $50,000. The net book value of the machine on 01-01-2021 is ? (If applicable, round to the nearest dollar, e.g., 23.15 = 23; 23.65=24) : Options from Question 6:
48 551$
1 449 $
51 449 $
No answer is appropriate
50 000 $
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