Mohr Company purchases a machine at the beginning of the year at a cost of $24,000.The machine is depreciated using the straight-line method.The machine's useful life is estimated to be 5 years with a $4,000 salvage value.The book value of the machine at the end of year 2 is:
A)$4,000.
B)$8,000.
C)$12,000.
D)$16,000.
E)$20,000.

Question

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The Answer of Mohr Company purchases a machine at the beginning of the year at a cost of $24,000.The machine is depreciated using the straight-line method.The machine's useful life is estimated to be 5 years with a $4,000 salvage value.The book value of the machine at the end of year 2 is:
A)$4,000.
B)$8,000.
C)$12,000.
D)$16,000.
E)$20,000.

Mohr Company Purchases a Machine at the Beginning of the Year