A Machine Purchased on 1 July 2016 Cost $100 000

question 41

Multiple Choice

A machine purchased on 1 July 2016 cost $100 000 and has a zero estimated salvage value.The useful life of the machine is five years.If the machine was sold on 30 September 2018,what would its net book value be?

• A) $45 000
• B) $50 000
• C) $55 000
• D) $60 000

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Definitions:

Unauthorized Access

The gain of entry into a computer system or network without permission.

Information Systems

An organized system for the collection, organization, storage, and communication of information.

Organization’s Information

Data and knowledge collected, processed, stored, and utilized by an organization to support decision-making, coordination, control, analysis, and visualization.

Ransomware Attacks

Malicious software that encrypts the victim's files, making them inaccessible until a ransom is paid.