Ivorycoast,Inc

question 146

Multiple Choice

Ivorycoast,Inc.purchased a van on January 1,2017,for $890,000.Estimated life of the van was five years,and its estimated residual value was $98,000.Ivorycoast uses the straight-line method of depreciation.Calculate the book value of the van at the end of 2017.

• A)$723,125
• B)$834,375
• C)$792,000
• D)$731,600

---

Definitions:

Survey Feedback

A method for collecting data from respondents about a specific topic, followed by analyzing and providing feedback on the results.

Symbolic Factor

An element that represents or signifies something beyond its literal meaning, often carrying emotional or cultural significance.

Social Responsibility

The concept that businesses should contribute to the welfare of society and operate in a manner that is ethical, legal, and sustainable, beyond just seeking profits.

Prestige

The respect, admiration, or distinction accorded to a person or organization, based on success or quality.