Business, 14.04.2020 21:58 maddielr17

On January 1, Year 1, Ballard company purchased a machine for $28,000. On January 1, Year 2, the company spent $7,000 to improve its quality. The machine had a $2,800 salvage value and a 6-year life, which are unchanged. Ballard uses the straight-line method. What is the book value of the machine on December 31, Year 4

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On a straight line basis, depreciation and amortization, or the process of reimbursing an asset over a longer period of time than when it was purchased, are computed. It's calculated by dividing the difference between an item's purchase price and its predicted salvage value by the number of years the asset will be in operation.

The computation of the book value of the machine is shown below file

For more information about straight-line method refer to the link:

Answer from: hmskevinjacobo5471

$23,520

Explanation:

The computation of book value of the machine is shown below:-

Machine cost $28,000

Less: Depreciation $4,200

($28,000 - $2,800) ÷ 6

Book Value at beginning

of Year 2 $23,800

Add: Improvements $7,000

Total $54,600

Less: Accumulated

Depreciation for 3 years $31,080

($54,600 - $2,800) × 3 ÷ 5 years

Book Value Dec 31, Year 4 $23,520

Answer from: Quest

i believe the answer is: streets and roads

public property refers to the property that can be used by all legal citizens in a certain country. the public property was created and maintain using the government budget that allocated specifically for it. the budget itself come from the citizen's income tax payment.

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On January 1, Year 1, Ballard company purchased a machine for $28,000. On January 1, Year 2, the com...

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