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:

Transferable Skill

A skill that is useful in a variety of jobs and industries, not just the one in which it was originally acquired.

Holland Personality

A theory that categorizes people based on six personality types—Realistic, Investigative, Artistic, Social, Enterprising, and Conventional—to match them with suitable careers.

Career Types

Various categories of occupations based on similar characteristics, skills, education requirements, and interests.

Personality Types

Personality types categorize individuals into different groups based on shared characteristics and behaviors.