Depreciation: Straight Line Video Lessons

Concept

Problem: A machine was originally purchased at a cost of $90,000. The machine had an estimated useful life of 10 years and been depreciated using the straight-line method for the past five years. At the end of the 6th year, after any adjusting entries, what is the book value of the machine? a.$45,000 b. $54,000 c.$36,000 d. $81,000 FREE Expert Solution Problem Details A machine was originally purchased at a cost of$90,000. The machine had an estimated useful life of 10 years and been depreciated using the straight-line method for the past five years. At the end of the 6th year, after any adjusting entries, what is the book value of the machine?

a. $45,000 b.$54,000

c. $36,000 d.$81,000