Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. on january 1, 2021, truesdale, incorporated, purch

On January 1, 2021, Truesdale, Incorporated, purchased a piece of machinery for use in operations....

70.2K

Verified Solution

Question

Accounting

On January 1, 2021, Truesdale, Incorporated, purchased a piece of machinery for use in operations. The total acquisition cost was $33,000. The machine has an estimated useful life of 3 years and a salvage value of $3,000. Using the straight-line method, the book value of the machinery at December 31, 2022, is approximately

how come answer is 13000 please advise

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Economics
1.2K views

The following functions describe the behavior of major macroeconomic variables in an economy where prices are...

Physics
1.2K views

A ball of mass m initially at rest falls from a height h through a...

Physics
1.2K views

A wind powered generator converts wind energy into electric energy Assume that the generator converts...

Algebra
1.2K views

24 Shireen decided to deposit her graduation gift money in two different savings accounts Account...

Algebra
1.2K views

If x = 63, then:(A) x = 8(B) x = 21(C) None of the choices...

Accounting
1.2K views

9. (TCO E) Explain the constructive receipt doctrine.

Accounting
1.2K views

In 1960, Lucy built a fence that was five feet across the property line between...

Accounting
1.2K views

On July 1, 2016, Harold paid $10,000 for a ten-year bond with a stated interest...

Accounting
1.2K views

Part (a) In what circumstances are individuals and companies treated as residents of New Zealand?...

Accounting
1.2K views

which of the following would be classified as operating cash outflow under the direct method?...

Accounting
1.2K views

Quality Motor Company is an auto repair shop that uses standards to control its labor...

Accounting
1.2K views

Question 3. There are eight sources of positive law in Canada. The Sale of Goods...