Grogle Company Had to Calculate Book Value on Its Die

question 78

Multiple Choice

Grogle Company had to calculate book value on its die cutting machine.The company paid $32,000 for the equipment on January 1,2012,but its current appraised value is $46,000.On December 31,2015,accumulated depreciation on the machine is $12,000.What is Grogle Company's book value on the die cutting machine at December 31,2015?

• A)$14,000
• B)$32,000
• C)$46,000
• D)$20,000
• E)$34,000

---

Definitions:

Observational Learning

A learning process through watching others, retaining the information, and then later replicating the behaviors that were observed.

Shaping

A process in operant conditioning involving the reinforcement of successive approximations of a desired behavior to teach a new behavior.

Learning Strategy

A planned approach or set of tactics used to facilitate the process of acquiring knowledge or skills.

Increasingly Longer

Describing something that is gradually extending or growing in duration over time.