Viva Inc Had Bought Machine X for $15,500 Two Years Ago

question 89

Multiple Choice

Viva Inc. had bought machine X for $15,500 two years ago. The machine had no residual value and had an estimated useful life of 10 years. If the company uses the straight line depreciation method, calculate the current book value of the machine.

• A)$12,400
• B)$3,100
• C)$18,600
• D)$15,500

---

Definitions:

Staffing Budget

A financial plan that outlines the funds allocated for hiring and compensating employees.

Service Demands

The consumer's need or desire for services, which can vary based on factors like time, location, and quality preferences.

Capital Expenditures Budget

A budget that outlines planned investments in fixed assets, such as property, plant, and equipment, which are expected to provide benefits over multiple periods.

Investing Activities

Financial transactions and activities related to the acquisition or sale of long-term assets and investments.