On January 1, 2011, Albatross Shipping Company bought equipment that cost $55,000, with an estimated useful life of 10 years and an estimated salvage value of $5,000. The company uses the straight-line method of depreciation
What is the BOOK VALUE of the equipment on
December 31, 2014?
A) $55,000
B) $50,000
C) $35,000
D) $30,000
C
Business
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The three major categories included on the statement of cash flows are ________
A) investing, operating, and financing activities B) investing, capital, and financing activities C) investing, operating, and contracting activities D) financial, operating, and internal control activities
Business
A trade name statement refers to a document that is filed with the state that designates a trade name of a business, the name and address of the applicant, and the address of the business
Indicate whether the statement is true or false
Business