Laker Company Acquired a Machine for $33,000

question 49

Multiple Choice

Laker Company acquired a machine for $33,000. At the beginning of the current year the machine had accumulated depreciation of $12,000. Annual depreciation expense totaled $3,000. The book value of the machine at the end of the year equals:

• A) $24,000
• B) $33,000
• C) $18,000
• D) $21,000

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Definitions:

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A method of teaching and guiding individuals, particularly children, which focuses on positive points of behavior rather than punishment.

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