Question
On January 1, Year 1, Ballard company purchased a machine for $46,000. On January 1, Year 2, the company spent $16,000 to improve its quality.
On January 1, Year 1, Ballard company purchased a machine for $46,000. On January 1, Year 2, the company spent $16,000 to improve its quality. The machine had a $10,000 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
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$18,000
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$9,200
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$18,400
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$28,400
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Financial Accounting And Reporting
Authors: Barry Elliott, Jamie Elliott
3rd Edition
0139488944, 978-0139488948
