Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. on january 1, 2021, truesdale, incorporated, purch

On January 1, 2021, Truesdale, Incorporated, purchased a piece of machinery for use in operations....

70.2K

Verified Solution

Question

Accounting

On January 1, 2021, Truesdale, Incorporated, purchased a piece of machinery for use in operations. The total acquisition cost was $33,000. The machine has an estimated useful life of 3 years and a salvage value of $3,000. Using the straight-line method, the book value of the machinery at December 31, 2022, is approximately

how come answer is 13000 please advise

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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Assessment 3 – Graphical LP                                                                          You are given the following linear programming problem.             Maximize Z =.            $46X1 + $69X2                         S.T.                  4X1 + 6X2     ...

Basic Math
Q

What is the pathophysiology of hypothyroidism? Include pathways and mechanisms.

Medical Sciences
Q

Why do B-catenin levels stay about the same instead of an increase in an EMT (Epithelial...

Biology
Q

Using MATLAB plot path loss prediction versus distance and log distance for a cellular system you...

Electrical Engineering
Q

QUESTION 1 Which of the following scenarios are most suitable for the chi-square test for difference in...

Basic Math
Q

Which one of the following statements about the electron transport chain is false?a) The ETC...

Biology
Q

Remember "OIL RIG": oxidationis losing and [?] is gaining anelectron.A. oxidationB. reductionC. translation

Biology
Q

In 2011, the population of a district was 31,600. With a continuous annual growth rate...

Basic Math
Q

please help me by showing the steps and formulas!! Im on my last attempt to...

Accounting
Q

Identify a leader who you believe exhibits charismatic leadership and explain the behaviors that support...

Accounting
Q

c. The beginning and ending merchandise inventories were valued at their estimated selling price. The...

Accounting
Q

A. As the attached financial statement and cash flow are the following calculation is correct?...

Accounting