The Book Value of an Asset at the Beginning of the Year

question 86

Multiple Choice

The book value of an asset at the beginning of the year was $17,000. The equipment originally cost $27,000. Depreciation expense for the year was $8,000. The book value of the asset at the end of the year is:

• A) $9,000.
• B) $10,000.
• C) $17,000.
• D) $19,000.

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