Adjax Bought a Machine for $86,000

question 70

Short Answer

Adjax bought a machine for $86,000. Its estimated life is 10 years with a residual value of $6,000. Using the straight-line method, what is the book value of the machine at the end of year 2?

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Definitions:

Electrolytes

Minerals in the body that have an electric charge, important for maintaining proper fluid balance and muscle function.

Cations

Positively charged ions that are formed when an atom loses one or more electrons, commonly found in various biological and chemical processes.

Anions

are negatively charged ions, which are atoms or molecules that have gained one or more electrons.

Compound

A substance made up of atoms of two or more different elements joined by chemical bonds.