Pepper's Party Planning sold a piece of equipment this year. The equipment had an original cost of
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Question:
Pepper's Party Planning sold a piece of equipment this year. The equipment had an original cost of $65,000, it was purchased 2 years ago. At the end of the second year, the equipment has accumulated depreciation of $24,000.
Calculate the net book value (NBV) of the equipment:
A. | $41,000
| |
B. | $45,000
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C. | $65,000
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D. | $24,000
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Related Book For
Accounting Principles Part 2
ISBN: 978-1118306796
6th Canadian edition Volume 1
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Kinnear, Joan E. Barlow
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