Viva Company Bought Machine X for $18,000 Two Years Ago

question 155

Multiple Choice

Viva Company bought machine X for $18,000 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)$14,400
• B)$3,600
• C)$19,800
• D)$18,000

Apply knowledge of pronoun-antecedent agreement to improve sentence clarity.

Enhance grammar and writing skills by correctly using pronouns in various sentence constructions.

Demonstrate knowledge of inclusive language by using gender-neutral pronouns where appropriate.

Understand the relationship between oxygen concentration in the atmosphere and the evolution of eukaryotic cells.

---

Definitions:

Cash Account

A financial account that records cash transactions in and out.

Posting Reference

A code or number used in accounting to indicate the ledger account to which a transaction has been posted.

Journal Entry

A record in the books of accounts that documents a financial transaction, showing the accounts and amounts debited and credited.

Prepaid Insurance

An asset account that represents payments made in advance for insurance coverage, which has not yet expired.