A machine purchased on 1 July 2019 cost $100 000 and has a zero estimated salvage value. The useful life of the machine is five years. If the machine was sold on 30 September 2021, what would its net book value be?
A) $45 000
B) $50 000
C) $55 000
D) $60 000

Question

Quizplus · Accepted Answer

The Answer of A machine purchased on 1 July 2019 cost $100 000 and has a zero estimated salvage value. The useful life of the machine is five years. If the machine was sold on 30 September 2021, what would its net book value be?
A) $45 000
B) $50 000
C) $55 000
D) $60 000

A Machine Purchased on 1 July 2019 Cost $100 000