Multiple Choice
Expresso Company purchased a machine that cost $28,000 and had an estimated useful life of 7 years (no residual value) on January 1,20A.The company uses the straight-line method of amortization.The net book value at the end of 20B,would be which of the following?
A) $16,000.
B) $20,000.
C) $24,000.
D) $28,000.
Correct Answer:
Verified
Correct Answer:
Verified
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