Pearson Company Bought a Machine on January 1, 2017

question 123

Multiple Choice

Pearson Company bought a machine on January 1, 2017. The machine cost $180,000 and had an expected salvage value of $30,000. The life of the machine was estimated to be 5 years. The book value of the machine at the beginning of the third year would be

• A)$180,000.
• B)$150,000.
• C)$120,000.
• D)$60,000.

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Definitions:

Job Analysis

A study of exactly what is done in a job, and why.

Job Holder

An individual who occupies a specific position within an organization and performs the duties associated with that position.

Qualifications

The skills, knowledge, and experience required to perform a job or task, often used as criteria for employment or advancement.

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