On January 1, Year 1, Ballard company purchased a machine for $46,000. On January 1, Year 2,
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Question:
On January 1, Year 1, Ballard company purchased a machine for $46,000. On January 1, Year 2, the company spent $16,000 to improve its quality. The machine had a $10,000 salvage value and a 6-year life, which are unchanged. Ballard uses the straight-line method. What is the book value of the machine on December 31, Year 4?
Multiple Choice
$18,000
$9,200
$18,400
$28,400
Expert Answer:
Answer Option 4th is correct 28400 year 1 Depreciation 46000 10000 6 years 6000 Year 2 to y... View the full answer
Related Book For 
Modern Advanced Accounting in Canada
ISBN: 978-1259087554
7th edition
Authors: Hilton Murray, Herauf Darrell
Posted Date:
