Question
Wildcat, Inc. purchases a machine on January 1, 2016 at a cost of $555,000. The machine will be depreciated over a 8-year useful life by
Wildcat, Inc. purchases a machine on January 1, 2016 at a cost of $555,000. The machine will be depreciated over a 8-year useful life by using the straight-line method. The managers estimate that the machine will have a salvage value of $50,00 at the end of its useful life. What is the machine's carrying amount at December 31, 2018?
| a. | $63,125 | |
| b. | $239,375 | |
| c. | $302,500 | |
| d. | $365,625 |
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Managerial Accounting
Authors: John J. Wild, Ken W. Shaw
2010 Edition
9789813155497, 73379581, 9813155493, 978-0073379586
