On January 1,Year 1,Ballard Company Purchased a Machine for $52,000

Multiple Choice

On January 1,Year 1,Ballard company purchased a machine for $52,000.On January 1,Year 2,the company spent $12,000 to improve its quality.The machine had a $4,000 salvage value and a 6-year life,which are unchanged.Ballard uses the straight-line method.What is the book value of the machine on December 31,Year 4?

A) $24,800
B) $20,800
C) $10,400
D) $24,000