RP&A, Inc Purchased Some Fixed Assets Four Years Ago at a a Cost

question 271

Multiple Choice

RP&A, Inc. purchased some fixed assets four years ago at a cost of $19,801. They no longer need these assets so are going to sell them today at a price of $3,501. The assets belong in a 30% CCA class. What is the current book value of these assets?

• A) $1,140.48
• B) $3,421.44
• C) $3,500.00
• D) $4,016.67
• E) $5,772.69

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Definitions:

Endocrine Glands

Glands of the hormone system that secrete their products, hormones, directly into the blood rather than through a duct.

Nervous System

The part of an organism that coordinates its actions and sensory information by transmitting signals to and from different parts of its body.

Electrochemical Information Network

A description of how neural networks within living organisms process and transmit information using electrical and chemical signals.

Nervous System

A complex system of nerves and cells that transmits signals between different parts of the body, crucial for bodily functions and response to the environment.