What Would the Book Value Be at the End of Year

question 128

Multiple Choice

What would the book value be at the end of year 6 for a piece of equipment using the straight-line method when cost is $8,000, residual value is $1,400, and the expected life is 11 years? (Round any intermediate calculations to the nearest cent, and your final answer to the nearest dollar.)

• A) $3,636
• B) $3,600
• C) $4,400
• D) $3,000

---

Definitions:

Senile Dementia

A decline in mental ability severe enough to interfere with daily life, often seen in the elderly and usually a result of Alzheimer's disease or other neurological conditions.

Alzheimer's Type

Referring to a form of dementia that causes progressive impairment of cognitive function and memory, typical of Alzheimer's disease.

Referral Assistance

Support services that help individuals find and access resources or specialists suited to their specific needs or conditions.

Metabolism

The sum of all the physical and chemical processes by which living substance is formed and maintained and by which energy is made available for use by the organism.