A firm purchased a Machine on 1 January 2010. The Machine has a 4 year life...
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A firm purchased a Machine on 1 January 2010. The Machine has a 4 year life and a residual value of $40,000. The Cost of the Machine was $200,000. The firm uses straight line depreciation and charges depreciation on a monthly basis. The Machine was sold on 31 March 2013 for $105,000 Cash. The Accumulated Depreciation at the date of sale was: Select one: O a. $180,000 O b. $160,000 O c. $170,000 O d. $190,000 O e. None of the these answers A firm purchased a Machine on 1 January 2010. The Machine has a 4 year life and a residual value of $40,000. The Cost of the Machine was $200,000. The firm uses straight line depreciation and charges depreciation on a monthly basis. The Machine was sold on 31 March 2013 for $105,000 Cash. The Accumulated Depreciation at the date of sale was: Select one: O a. $180,000 O b. $160,000 O c. $170,000 O d. $190,000 O e. None of the these answers
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Related Book For
Intermediate Accounting
ISBN: 978-0071339476
Volume 1, 6th Edition
Authors: Beechy Thomas, Conrod Joan, Farrell Elizabeth, McLeod-Dick I
Posted Date:
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