Multiple Choice
Alabama Company purchased a machine on January 1,2016 for $26,000 cash.The machine has an estimated useful life of 4 years and a $6,000 salvage value.What would be the book (carrying) value of the machine reported on Alabama's December 31,2016 balance sheet?
A) $26,000
B) $19,500
C) $21,000
D) $15,000
Correct Answer:
Verified
Correct Answer:
Verified
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