A Machines Costing $10,000 Is Estimated to Have a Useful

question 54

Multiple Choice

A machines costing $10,000 is estimated to have a useful lifetime of n years and a scrap value of $500.It is expected to run for 25,000 hours over n years.The actual hours the machine runs are: 2000 hours in year 1,1500 hours in year 2 and 800 in year 3.What is the book value of the machine at the end of 3-years?

• A)$9600
• B)$8280
• C)$8670
• D)$8366

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