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Allisa [31]
3 years ago
5

On January 1, 2013, M. Johanson Company purchased equipment for $36,000. The company is depreciating the equipment at the rate o

f $500 per month. The book value of the equipment at December 31, 2013 is:A)$0.B)$6,000.C)$30,000.D)$36,000.
Business
1 answer:
andreyandreev [35.5K]3 years ago
3 0

Answer:

C)$30,000

Explanation:

Since the assets will depreciate including the acquisition month, the depreciation will be calculated as $500x12= $6000 . So the Book Value will be $36000 -$6000 = $30000

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