Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. on january 1, 2014, ballard company spent $12,000

On January 1, 2014, Ballard Company spent $12,000 on an asset to improve its quality....

80.2K

Verified Solution

Question

Accounting

On January 1, 2014, Ballard Company spent $12,000 on an asset to improve its quality. The asset had been purchased on January 1, 2009 for $38,000. The asset had a $6,800 salvage value and a 6-year life. Ballard uses straight-line depreciation. What would be the book value of the asset on January 1, 2015?

15,200

6,800

7,600,

15,600

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

A theme is O the message or main idea in a text O always universal...

Biology
Q

7 Find ratio of electric field at point A and B Infinitely long uniformly charged...

Physics
Q

Given G 6 67259 x 10 1 Nm kg After a supernova explosion a star...

Physics
Q

A rare isotope of a nuclear material is very unstable, decaying at a rate of...

Basic Math
Q

How many different 5 card hands can be dealt from a deck of 52 cards...

Statistics
Q

A sample of 1300 computer chips revealed that 39 of the chips fail in the...

Statistics
Q

For f x 8 X 4 1 and g x find X a fog x...

Algebra
Q

Tamarisk Corporation had income from continuing operations of $10,763,000 in 2025 . During 2025 ,...

Accounting
Q

Standard Direct Materials Cost per Unit from Variance Data The following data relating to direct...

Accounting
Q

Inventory is classified on the balance sheet as a a. current asset b. long-term liability...

Accounting
Q

Reference Data table vegree or competon: arect materas, ou\%; converson coss, 40%. Reference Data table...

Accounting
Q

D

Accounting