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On January 1, Year 1, Ballard company purchased a machine for $62,000. On January 1, Year 2, the company spent $24,000 to improve its

On January 1, Year 1, Ballard company purchased a machine for $62,000. On January 1, Year 2, the company spent $24,000 to improve its quality. The machine had a $16,400 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

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