What is the book value of the equipment at december 31, 2023

Reference no: EM133608607

Question: Lone Star Supply Company purchased equipment on January 1, 2022 for $90,000. It is estimated that the equipment will have a $5,000 salvage value. It is also estimated that the equipment will produce 100,000 units over its 5-year useful life. If 16,000 units of product are produced in 2022 and 24,000 units are produced in 2023, what is the book value of the equipment at December 31, 2023?

Reference no: EM133608607

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