Dowdy Co. has equipment with a cost of $30,000 and accumulated depreciation of $22,000. What is the book value of the equipment?
A) $8,000
B) $30,000
C) $52,000
D) $22,000

Question

Quizplus · Accepted Answer

The book value of the equipment is calculated as the cost minus accumulated depreciation. Therefore, $30,000 (cost) - $22,000 (accumulated depreciation) = $8,000 (book value).

Dowdy Co Has Equipment with a Cost of $30,000 and Accumulated