On january 1 2014 ballard company spent 12000 on an asset, Financial Accounting

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On january 1 2014 ballard company spent 12000 on an asset

On January 1, 2014, Ballard Company spent $12,000 on an asset to improve its quality. The asset had been purchased on January 1, 2009 for $38,000. The asset had a $6,800 salvage value and a 6-year life. Ballard uses straight-line depreciation. What would be the book value of the asset on January 1, 2015? $15,600 $7,600 $15,200 $6,800

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Financial Accounting: On january 1 2014 ballard company spent 12000 on an asset

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