Question
On January 1, 2014, Ziskin Company spent $3,000 on an asset to improve its quality. The asset had been purchased on January 1, 2009 for
On January 1, 2014, Ziskin Company spent $3,000 on an asset to improve its quality. The asset had been purchased on January 1, 2009 for $14,000. The asset had a $2,000 salvage value and a 6-year life. Ziskin uses straight-line depreciation. What would be the book value of the asset on January 1, 2015?
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Managerial Accounting
Authors: Ray H Garrison, Alan Webb, Theresa Libby
11th Canadian Edition
1259275817, 978-1259275814
