Use the Following Information for Questions

question 68

Multiple Choice

Use the following information for questions:
Maddie Co.purchased a machine on January 1, 2011 for $22,500.The machine had an estimated useful life of 10 years and an estimated residual value of $2,500.The company uses double-declining-balance amortization.
-Assuming Maddie Co.uses straight-line amortization, what would be the book value of the machine on December 31, 2021?

• A)$ -0-
• B)$2,000
• C)$2,250
• D)$2,500

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Definitions:

Angela's Meat & Poultry

A fictional or actual establishment involved in the processing or selling of meat and poultry items, possibly named after its founder or owner, Angela.

Frequency Distribution

A statistical representation showing the number of instances in which a variable attains values within specific intervals.

Pork Sales

The commercial activity of selling pork products, which can include fresh or processed meat from pigs.

Telemarketers

Individuals or companies who market goods or services via telephone calls to potential customers.