Multiple Choice
Avatar,Inc.bought a machine on January 1,2011 for $96,000.The machine is expected to last for 8 years,after which it will be worthless.How much accumulated depreciation will Avatar report at December 31,2011?
A) $96,000
B) $16,000
C) $12,000
D) $0.Accumulated depreciation does not appear on the balance sheet.
Correct Answer:
Verified
Correct Answer:
Verified
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