A Machine Is Purchased on January 1, 2012, for $72,000

question 71

Multiple Choice

A machine is purchased on January 1, 2012, for $72,000 cash. The machine has an estimated useful life of 8 years and a salvage value of $17,200. If the double-declining-balance method of depreciation is used, what will be the machine's book value as of December 31, 2013?

• A) $54,000
• B) $40,500
• C) $13,500
• D) $31,500

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The inclination or favoritism individuals have towards particular political parties.

Acquired

Obtained or gained possession of something, typically through purchase, conquest, or effort.

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The concept that the truth and the best ideas will emerge from the competition of ideas in a free and open public discourse.

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