The account Equipment appears on the balance sheet at $300, 000 less accumulated depreciation of $100, 000 a. The equipment's book value is $200.000. b. The equipment's book value is $300, 000. c. The equipment's book value is $400, 000. d. The equipment's market value is $200, 000. The cost of the equipment in the poor question was most likely: a. $200, 000. b. $300, 000. c. $400, 000. d. Some undeterminable amount. A company acquired equipment for $25, 000. It paid $2, 000 for sales tax. $1, 000 for shipping and $2, 000 for instillation. The equipment a. should be recorded at $25, 000. b. should be recorded at $26, 000. c. should be recorded at $28, 000. d. should be recorded at $30, 000. An example of an account classified as an intangible asset is: a. Accounts receivable b. Prepaid insurance. c. Goodwill. d. Supplies A payroll tax that is shared by the employer and employee is: a. Federal and state unemployment taxes. b. Federal withholding tax. c. Federal excise lax. d. Social Security/Medicare. When a bond has a "callable" feature it may be: a. Converted into the company's stock at the holder's option. b. Converted into the company's stock at the company's option. c. Redeemed by the buyer before its maturity date. d. Redeemed by the company before its maturity date. When a bond has a "convertible" feature it may: a. Be converted into the company's stock at the holder's option. b Be convened into the company's stock at the company's option. c. Have no limit on the amount of interest that it pays. d. Have no limit as to its maturity date