The following items are taken from the financial statements of the Postal Service for the year ending December 31, 2015: What is the book value of the equipment at December 31, 2015?
A)$170,000
B)$182,000
C)$210,000
D)$238,000

Question

The following items are taken from the financial statements of the Postal Service for the year ending December 31, 2015:  What is the book value of the equipment at December 31, 2015?
A)$170,000 
B)$182,000 
C)$210,000 
D)$238,000

Quizplus · Accepted Answer

The book value of the equipment is found in the Balance Sheet section of the financial statements, under “Property and Equipment, Net”, which shows a balance of $182,000.

The Following Items Are Taken from the Financial Statements of the Postal