Multiple Choice
A machine is purchased for $120 000.It is estimated that it has a useful life of 4 years and will then be sold for $8000.Using the straight-line method the carrying value of the machine at the end of the third year of the machine's useful life is:
A) $28 000
B) $42 000
C) $36 000
D) $60 000
Correct Answer:
Verified
Correct Answer:
Verified
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