The following items (in thousands) are taken from the financial statements of Huang Company for the year ending December 31, 2011:

What is the book value of the equipment at December 31, 2011?

Question

The following items (in thousands) are taken from the financial statements of Huang Company for the year ending December 31, 2011:

What is the book value of the equipment at December 31, 2011?

Quizplus · Accepted Answer

To calculate the book value of equipment, we need to subtract accumulated depreciation from the original cost. Therefore, book value of equipment at December 31, 2011=Original cost of equipment - Accumulated depreciation = ¥192,000 - ¥30,000 = ¥162,000. Therefore, the answer is (C) ¥162,000.

The Following Items (In Thousands) Are Taken from the Financial