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What was the carrying value of the machines

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Problem 1: A company purchased some modern laser machines for $120,000 that they planned to sell for $20,000 in 5 years. The machines were expected to produce 1,200,000 units during their lifetime but were much more efficient and actually produced 1,315,500 units in the first three years. What was the carrying value of the machines at the end of year 3?

1. $10,375
2. $20,000
3. $40,000
4. ($11,500)

Reference no: EM132990172

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