Mohr Company purchases a machine at the beginning of the year at a cost of $41,000. The machine is depreciated using the straight-line method. The machine's useful life is estimated to be 8 years with a $3000 salvage value. The book value of the machine at the end of year 2 is:
A. $9500.
B. $31,500.
C. $4750.
D. $38,000.
E. $28,500.
Answer: B
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Gavin Range is the payroll accountant for Comptech Industries. His employer decided to use the special accounting rule for 2017. Which months may be included in the special accounting rule?
What will be an ideal response?
Fifty-five percent of the applications received for a credit card are accepted. Among the next 12 applications,
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