Multiple Choice
The book value of an asset at the beginning of the year was $17,000. The equipment originally cost $27,000. Depreciation expense for the year was $8,000. The book value of the asset at the end of the year is:
A) $9,000.
B) $10,000.
C) $17,000.
D) $19,000.
Correct Answer:
Verified
Correct Answer:
Verified
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