Multiple Choice
A plant asset has a cost of $32,000 and a salvage value of $8,000. The asset has a three-year life. If depreciation in the third year amounted to $4,000, which depreciation method was used?
A) Straight-line
B) Declining-balance
C) Sum-of-the-years'-digits
D) Cannot tell from information given
Correct Answer:
Verified
Correct Answer:
Verified
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