Multiple Choice
Sacramento Company owns a fixed asset with an original cost of $100,000.Magic Company estimates it will use the asset for 4 years, at which time the asset can be sold for $10,000.The book value of the asset after three years of use is_____.
A) $32,500
B) $50,000
C) $45,000
D) $100,000
Correct Answer:
Verified
Correct Answer:
Verified
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