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On January 1, Year 1, Ballard company purchased a machine for $56,000. On January 1, Year 2, the company spent $21,000 to improve its quality.

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On January 1, Year 1, Ballard company purchased a machine for $56,000. On January 1, Year 2, the company spent $21,000 to improve its quality. The machine had a $14,000 salvage value and a 6-year life, which are unchanged. Ballard uses the straight-line method. What is the book value of the machine on December 31, Year 4? Multiple Choice $21,000 O $22.400 $11,200 O O $36,400

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