8. Long Lived Assets
Depreciation: Straight Line
Multiple Choice
Multiple ChoiceABC Company purchased a new machine on January 1, Year 1 for $44,000. The company expects the machine to last ten years. The company thinks it could sell the scrap metal from the machine for $4,000 at the end of its useful life. If the company uses the straight-line method for depreciation, what will be the net book value of the machine on December 31, Year 4?
A
$22,400
B
$24,000
C
$26,400
D
$28,000
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