Based on the Following Information, What Is the Net Amount

question 101

Multiple Choice

Based on the following information, what is the net amount that this equipment should be reported at on BAC's balance sheet at December 31, 2012?

• A)$200,000
• B)$220,000
• C)$230,000
• D)$240,000

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Definitions:

Inductive Compensation

A method of connecting the compensating windings in a universal motor.

Universal Motor

A type of motor that can be operated on AC or DC power.

AC

Alternating Current refers to an electrical current that periodically changes its direction of charge flow.

DC

Direct Current, a type of electrical current where the flow of electric charge is only in one direction.