Equipment with an Original Cost of $78,000 Has a Fair

question 26

Multiple Choice

Equipment with an original cost of $78,000 has a fair market value of $68,000, current replacement cost of $82,000, and a depreciated value of $74,000 on December 31, 2018. At what amount would net equipment be measured on the December 31, 2018 balance sheet?

• A)$76,000
• B)$74,000
• C)$82,000
• D)$78,000

---

Definitions:

Interior Design Techniques

Methods and practices used in the planning, specifying, selecting, and organizing of interior spaces to enhance their aesthetic appeal and functionality.

Contemporary Outdoor Furnishings

Modern and stylish furniture designed for outdoor use, reflecting current trends and aesthetics.

Workshops

Interactive and educational sessions focused on teaching specialized skills or knowledge through hands-on practice and discussion.

Providing Feedback

The process of giving constructive criticism and praise to help an individual or team improve performance.