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In 2007, the Dallas Leather Goods Company bought a stitching machine that cost $20,000. In...

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Accounting

In 2007, the Dallas Leather Goods Company bought a stitching machine that cost $20,000. In 2011, a new stitching machine of the same model sells for $28,000 and the company's used machine is worth $18,000.
a.) On the Balance Sheet for 2011 the machine would be listed for $20,000
b.) On the Balance Sheet for 2011 the machine would be listed for $28,000
c.) On the Balance Sheet for 2011 the machine would be listed for $18,000
d.) On the Balance Sheet for 2011 the machine would be listed for the average of the three prices

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