Question: Consider the depreciation schedule shown below for a machine. What value for the machine would be shown on India Company's balance sheet at the end
Consider the depreciation schedule shown below for a machine. What value for the machine would be shown on India Company's balance sheet at the end of Year 4? India Company Beginning Accumulated Ending Year Book Value Depreciation Depreciation Book Value 1 85,000 12,000 12,000 73,000 2 73,000 12,000 24,000 61,000 3 61,000 12,000 36,000 49,000 4 49,000 12,000 48,000 37,000 5 37,000 12,000 60,000 25,000
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