Maxine,Inc

question 203

Multiple Choice

Maxine,Inc.bought a machine on January 1,2012 for $48,000.The machine is expected to last for 8 years,after which it will be worthless.What is the book value of the machine on Maxine's balance sheet at December 31,2012?

• A)$48,000
• B)$44,000
• C)$6,000
• D)$42,000

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Definitions:

Communist Governments

Government systems where the state owns and controls all major aspects of the economy, aiming for classless society and elimination of private property.

Circular Flow Diagram

A visual model of the economy that shows how dollars flow through markets among households and firms.

Promote Society

A concept or initiative aimed at advocating for societal growth, well-being, and development.

Private Cost

The costs directly incurred by those producing or consuming a good or service, excluding externalities or indirect costs.