The Asset Section of the January 1,20X9,balance Sheet of Big

Multiple Choice

The asset section of the January 1,20X9,balance sheet of Big Valley Company includes a machine which was acquired on January 1,20X5.The machine's original cost was $500,000,and the estimated life was 10 years.On January 1,20X5,the estimated residual value was zero and the straight-line method of depreciation was used.On January 1,20X9,the book value of the machine is ________.

A) $250,000
B) $300,000
C) $450,000
D) $500,000