samayiarobertso8683 samayiarobertso8683
  • 23-03-2022
  • SAT
contestada

A company bought a new machine for its warehouse on january 1

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Parrain
Parrain Parrain
  • 24-03-2022

Based on the various costs incurred for the new machine, the book value on December 31 is $36,000.

What was the book value?

This can be found as:

= Total cost of machine - Depreciation

Total cost can be found as:

= Cash paid + Note payable + Setup charge

= 10,000 + 30,000 + 2,000

= $42,000

Book value is:

= 42,000 - ( 500 x 12 months)

= $36,000

Find out more on fixed asset book value at https://brainly.com/question/23057744.

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