Multiple Choice
On January 1,2011,Swinger,Inc.purchases a batting machine for $240,000 that has an estimated useful life of 5 years and an expected residual value of $20,000.Calculate the book value of the equipment that will be reported on the balance sheet dated December 31,2012.
A) $44,000
B) $88,000
C) $172,000
D) $152,000
Correct Answer:
Verified
Correct Answer:
Verified
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