A Machine Purchased on 1 July 2016 Cost $100 000

question 45

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) None of the answers provided

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