Multiple Choice
On January 1,Year 1,Alabama Company purchased a machine for $26,000.The machine has an estimated useful life of 4 years and an estimated salvage value of $6,000.What is the book value of the machine reported on Alabama's balance sheet as of December 31,Year 1?
A) $26,000
B) $19,500
C) $21,000
D) $15,000
Correct Answer:
Verified
Correct Answer:
Verified
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