Multiple Choice
Justice, Inc. purchased a machine for $15,000 two years ago. The machine had no residual value and had an estimated useful life of 10 years. If the company uses the straight-line depreciation method, calculate the current book value of the machine.
A) $12,000
B) $3,000
C) $16,500
D) $15,000
Correct Answer:
Verified
Correct Answer:
Verified
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