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Solve the book value of machine b at december

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Reference no: EM132503599

On January 1, 2019, ABC Company paid $235,000 to buy three pieces of machinery. The fair market values of the machines on the purchase date were:

Machine A ............ $80,850
Machine B ............ $98,000
Machine C ............ $66,150

  • Before the machines could be used, ABC Company had to spend $25,000 to get Machine B in working order.
  • Machine B was assigned a $6,000 residual value and a 10-year life. Machine B will be depreciated using the straight-line depreciation method.

Question 1: Calculate the book value of Machine B at December 31, 2025.

Reference no: EM132503599

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