Multiple Choice
Sampras Company purchased a machine for $30 000 on 1 January 2010 with an estimated life of 5 years and a residual value of zero.The straight-line method of depreciation is used.What is the carrying value of the machine on the 31 December 2011 in the balance sheet of Sampras Company?
A) $30 000
B) $24 000
C) $18 000
D) $12 000
Correct Answer:
Verified
Correct Answer:
Verified
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