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MMLU-Pro / 5346 / Hall Co. purchased a machine on January 1 at a cost of …

Problem

Answer published by the source. Consult the official source to check your work against its answer.

question

Hall Co. purchased a machine on January 1 at a cost of 140000.Themachinehadanestimatedusefullifeofeightyearsandasalvagevalueof140000. The machine had an estimated useful life of eight years and a salvage value of 60000. Hall chose to depreciate the machine using the double- declining balance method. What was the carrying amount of the machine in Hall's balance sheet at the end of its second year of operations?
Plain-text mathematical notation (without MathML)
Hall Co. purchased a machine on January 1 at a cost of 140000.Themachinehadanestimatedusefullifeofeightyearsandasalvagevalueof60000. Hall chose to depreciate the machine using the double- declining balance method. What was the carrying amount of the machine in Hall's balance sheet at the end of its second year of operations?
Original LaTeX notation
Hall Co. purchased a machine on January 1 at a cost of $140000. The machine had an estimated useful life of eight years and a salvage value of $60000. Hall chose to depreciate the machine using the double- declining balance method. What was the carrying amount of the machine in Hall's balance sheet at the end of its second year of operations?

category

other

options

  1. $60,000
  2. $70,000
  3. $61,250
  4. $100,000
  5. $85,000
  6. $78,750
  7. 80000
  8. $90,000
  9. $95,000
  10. $110,000

src

ori_mmlu-professional_accounting

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Source and history

upstream_id / Original problem ID
5346
task_id
eed90e34-1d93-527d-b054-64e4f411ddc9
task_key
default--test--5346
task_revision_id
1
config / split
default / test

Official source

initial import