Use the following information to answer Problems below .
Pottery Farm Co. manufactures Bowls, Plates, and Cups. Management is preparing the budgets for September, and has accumulated the following information:

-Pottery Farm has equipment (both factory and office) with a net book value at the beginning of September of $60,000. During September, management plans to replace some of their equipment. The equipment was originally purchased for $30,000, and has accumulated depreciation of $22,000. Management intends to sell the equipment for scrap for $10,000, and use the proceeds to help fund the purchase of new equipment for $35,000.
What will be the net book value of the equipment at the end of September?

Question

Use the following information to answer Problems below . 
Pottery Farm Co. manufactures Bowls, Plates, and Cups. Management is preparing the budgets for September, and has accumulated the following information:
 
-Pottery Farm has equipment (both factory and office) with a net book value at the beginning of September of $60,000. During September, management plans to replace some of their equipment. The equipment was originally purchased for $30,000, and has accumulated depreciation of $22,000. Management intends to sell the equipment for scrap for $10,000, and use the proceeds to help fund the purchase of new equipment for $35,000. 
What will be the net book value of the equipment at the end of September?

Quizplus · Accepted Answer

The Answer of Use the following information to answer Problems below . 
Pottery Farm Co. manufactures Bowls, Plates, and Cups. Management is preparing the budgets for September, and has accumulated the following information:
 
-Pottery Farm has equipment (both factory and office) with a net book value at the beginning of September of $60,000. During September, management plans to replace some of their equipment. The equipment was originally purchased for $30,000, and has accumulated depreciation of $22,000. Management intends to sell the equipment for scrap for $10,000, and use the proceeds to help fund the purchase of new equipment for $35,000. 
What will be the net book value of the equipment at the end of September?

Use the Following Information to Answer Problems Below