Pearson Company Bought a Machine on January 1, 2014

question 231

Multiple Choice

Pearson Company bought a machine on January 1, 2014. The machine cost $144,000 and had an expected salvage value of $24,000. 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) $144,000.
• B) $120,000.
• C) $96,000.
• D) $48,000.

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Definitions:

Fructose

A simple sugar found in many plants, where it is often bonded to glucose to form the disaccharide sucrose.

Glucose

A simple sugar and an important energy source in living organisms, and a component of many carbohydrates.

Organic Compound

A chemical compound containing carbon, which is typically found in living systems and includes carbohydrates, lipids, proteins, and nucleic acids.

Blood pH

The measure of the acidity or alkalinity of blood, crucial for maintaining homeostasis, with a normal range typically between 7.35 and 7.45.