Pearson Company Bought a Machine on January 1, 2022

question 132

Multiple Choice

Pearson Company bought a machine on January 1, 2022.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:

Field Checkout

The process of verifying and testing equipment and systems at the job site to ensure proper operation according to design specifications.

Commissioning

The process of verifying and checking that a new or modified system performs according to its design specifications and requirements before full operation.

I/O Module

A plug-in assembly, containing two or more identical input or output circuits, that contain the connections between a processor and connected devices.

Analog Modules

Components of an automation system that handle analog signals, converting between physical real-world analog inputs and outputs and their digital representations.