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On 12/31/17, the unadjusted trial balance shows that the Equipment account has a balance of $16,950 and the Accumulated Depreciation-Equipment account has a balance of
On 12/31/17, the unadjusted trial balance shows that the Equipment account has a balance of $16,950 and the Accumulated Depreciation-Equipment account has a balance of $5,650. The equipment was purchased on 5/1/15, has a useful life of 5 years and no salvage value. Assume The Androids Dungeon and Baseball Card Shop uses straight line depreciation (i.e. allocates the cost evenly). What is the Net Book Value of the equipment that is shown on the 12/31/17 Balance Sheet? a. $3,390 b. $5,650 c. $7,910 d. $11,300 e. $14,690
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