On January 1,2012,Ziskin Company spent $3,000 on an asset to improve its quality.The asset had been purchased on January 1,2009 for $14,000.The asset had a $2,000 salvage value and a 6-year life.Ziskin uses straight-line depreciation.What would be the book value of the asset on January 1,2013?
A) $11,000.
B) $8,000.
C) $6,000.
D) $7,200.
Correct Answer:
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