Use the information below to answer the following questions.
Alby Ltd purchased a machine for $32,000 on 1 January 2010. The machine was expected to have a useful life of 4 years. The financial year ends on 31 December. The straight-line method of depreciation is employed.
-A machine purchased on 1 July 2010 cost $100 000 and has a zero estimated salvage value.The useful life of the machine is 5 years.If the machine was sold on 30 September 2012,what would its net book value be?
A) $45 000
B) $50 000
C) $55 000
D) $60 000.

Question

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The Answer of Use the information below to answer the following questions.
Alby Ltd purchased a machine for $32,000 on 1 January 2010. The machine was expected to have a useful life of 4 years. The financial year ends on 31 December. The straight-line method of depreciation is employed.
-A machine purchased on 1 July 2010 cost $100 000 and has a zero estimated salvage value.The useful life of the machine is 5 years.If the machine was sold on 30 September 2012,what would its net book value be?
A) $45 000
B) $50 000
C) $55 000
D) $60 000.

Use the Information Below to Answer the Following Questions