Answered: Maple Tech Inc. owns equipment with a…

Maple Tech Inc. owns equipment with a cost of $180,000 and accumulated depreciation of $65,000. What is the book value of the equipment? a. $245,000 b. $115,000 c. $65,000 d. $180,000

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter11: Long-term Assets

Section: Chapter Questions

Problem 8PA: Referring to PA7 where Kenzie Company purchased a 3-D printer for $450,000, consider how the...

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Question

100%

I need the correct answer to this financial accounting problem using the standard accounting approach

Maple Tech Inc. owns equipment with a cost of $180,000 and
accumulated depreciation of $65,000.
What is the book value of the equipment?
a. $245,000
b. $115,000
c. $65,000
d. $180,000

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