Flamingo Corporation Purchased a Machine for $300 000 on 1

question 24

Multiple Choice

Flamingo Corporation purchased a machine for $300 000 on 1 January. The estimated life is 10 years. Three years later, what is the book value of the machine reported in the balance sheet as at 31 December, assuming that straight-line depreciation is used and the estimated residual value is zero?

• A) $300 000
• B) $210 000
• C) $120 000
• D) $60 000

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Definitions:

Product Integration

Embedding a branded product into media content, such as a film or television show, often as a form of advertising.

Consumer Target Market

A specific group of consumers at which a company aims its products and services, characterized by similar needs or preferences.

Product Invention

The process of creating new products or significantly improving existing ones to meet consumer needs or market niches.

Communication Adaptation Strategy

A method used by companies to adjust their marketing messages and communication tactics to accommodate cultural or regional differences within target markets.