Multiple Choice
Ron's Quik Shop bought equipment for $140,000 on January 1, 2016. Ron estimated the useful life to be 5 years with no salvage value, and the straight-line method of depreciation will be used. On January 1, 2017, Ron decides that the business will use the equipment for a total of 6 years. What is the revised depreciation expense for 2017?
A) $22,400.
B) $11,200.
C) $18,666. d $28,000.
Correct Answer:
Verified
Correct Answer:
Verified
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