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On January 1, Year 1, Ballard company purchased a machine for $46,000. On January 1,...

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Accounting

On January 1, Year 1, Ballard company purchased a machine for $46,000. On January 1, Year 2, the company spent $16,000 to improve its quality. The machine had a $10,000 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?

Multiple Choice

  • $18,000

  • $9,200

  • $18,400

  • $28,400

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