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What is the asset book value as of March

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Question - Tom's Bistro owns an asset with a historical cost of $90,000, an estimated useful life 7 years, and a salvage value of $6,000. As of March 31, 2019, the asset has accumulated depreciation of $36,000, and the Bistro still owes $10,000 on the loan for the asset. What is the asset's book value as of March 31, 2019?

a. $54,000

b. $60,000

c. $4,000

d. $48,000

Reference no: EM132608390

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