On January 1, Year 2, Ballard Company spent $8,000 on an asset to improve its...
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Accounting
On January 1, Year 2, Ballard Company spent $8,000 on an asset to improve its quality. The asset had been purchased on January 1, Year 1, for $30,000. The asset had a $3,600 salvage value and a 6-year life. Ballard uses straight-line depreciation. What would be the book value of the asset on January 1, Year 5?
Multiple Choice:
$13,200.
$15,600.
$12,000.
$6,000.
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