Lex Soaps Purchased a Machine on January 1,2013,for $18,000 Cash

question 13

Multiple Choice

Lex Soaps purchased a machine on January 1,2013,for $18,000 cash.The machine has an estimated useful life of four years and a salvage value of $4,700.Lex uses the double-declining-balance method of depreciation for all its assets.What will be the machine's book value as of December 31,2014?

• A) $5,100
• B) $4,700
• C) $4,500
• D) $4,300

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Definitions:

Radionuclides

Unstable atoms that emit radiation as they break down, used in medical imaging, cancer treatment, and as tracers in scientific research.

Diagnosis

The process of identifying a disease or condition from its symptoms and signs through examination and various diagnostic tests.

Roentgen Rays

Refers to X-rays.

High-energy

Describing particles, processes, or phenomena involving extremely large amounts of energy.