Multiple Choice
Pearson Company bought a machine on January 1, 2014. The machine cost $144,000 and had an expected salvage value of $24,000. The life of the machine was estimated to be 5 years. The book value of the machine at the beginning of the third year would be
A) $144,000.
B) $120,000.
C) $96,000.
D) $48,000.
Correct Answer:
Verified
Correct Answer:
Verified
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