Multiple Choice
Grant Company purchased a machine on January 1, 2013 for $13,000 cash. The machine has an estimated useful life of 4 years and a $3,000 salvage value. What would be the book value of the machine reported on Grant's December 31, 2013 balance sheet?
A) $13,000
B) $9,750
C) $10,500
D) $7,500
Correct Answer:
Verified
Correct Answer:
Verified
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