Question
On 01-05-2014, the company received a productive machine being purchased from a South Korean supplier on 01-04-2014 at a total acquisition cost of $132,000. The
On 01-05-2014, the company received a productive machine being purchased from a South Korean supplier on 01-04-2014 at a total acquisition cost of $132,000. The machine was put into production two months after its reception. The machine can be used over 10 years and is depreciated on a straight-line basis from the date of its commissioning. The residual value of the machine is $2,000. The machine was damaged beyond repair on 04/01/2021. On that date, a salvage company came to remove it at no charge. Since this machine is insured, the company recovered $4,250 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): Options from question 12:
41 000 $
None of the above
42 083.34 $
44 250 $
43 166.67 $
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