Question
LONG TERM ASSET ASSET: FORKLIFT COST$56,000ACCUMULATED DEPRECIATION$22,400PREPAID INSURANCE$1,500MAINTENANCE$6,500BOOK VALUE______ Based on the following information from a company's asset record, what is the book value of
LONG TERM ASSET
ASSET: FORKLIFT
COST$56,000ACCUMULATED DEPRECIATION$22,400PREPAID INSURANCE$1,500MAINTENANCE$6,500BOOK VALUE______
Based on the following information from a company's asset record, what is the book value of the forklift?
- $25,600
- $56,000
- $33,600
- $32,100
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Fundamental Managerial Accounting Concepts
Authors: Edmonds, Tsay, olds
6th Edition
71220720, 78110890, 9780071220729, 978-0078110894
