A Company Has Long-Lived Tangible Assets with a Cost of $3.5

question 160

Multiple Choice

A company has long-lived tangible assets with a cost of $3.5 million; its Accumulated Depreciation account has a balance of $1.1 million.Which of the following statements is correct?

• A) The book value of long-lived assets is $2.4 million.
• B) The market value of long-lived assets is $3.5 million.
• C) The carrying value of long-lived assets is $3.5 million.
• D) The resale value of long-lived assets is $2.4 million.

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Definitions:

VFD

A device known as Variable Frequency Drive controls electric motors by altering the voltage and frequency that are delivered to the motor.

Affinity Laws

Mathematical relationships that describe the impact of changes in speed, diameter, and density on the flow, pressure, and power of a fluid in a system.

Operating Quadrants

The four sections of a graph, typically in motor control applications, representing different modes of operation such as forward/reverse and motoring/generating.

Torque

A measure of the force that can cause an object to rotate about an axis, fundamental to the operation of electric motors and mechanical systems.