Based on the Following Information, What Is the Net Amount

question 29

Multiple Choice

Based on the following information, what is the net amount that this equipment should be reported at in the balance sheet at December 31, 2021? $$\begin{array} { | l | r | } \hline \text { Cost } & \$ 500,000 \\\hline \text { Accumulated depreciation } & 230,000 \\\hline \text { Value in use (sum of discounted cash flows) } & 250,000 \\\hline \text { Fair value } & 240,000 \\\hline \text { Disposal costs } & 10,00 \\\hline\end{array}$$

• A)$230,000
• B)$240,000
• C)$250,000
• D)$270,000

---

Definitions:

SOAP Format

A standardized method for documenting medical information, standing for Subjective, Objective, Assessment, Plan.

Source-Oriented Medical Records

A type of medical record keeping where information is organized according to the source that provided the information, such as lab reports, radiology, and physician notes, kept in separate sections.

Social History

An account of a person's past experiences, relationships, and environment, often collected for medical or sociological purposes.

Assessment Section

A division or unit within an organization responsible for evaluating or measuring certain criteria or performance.