Multiple Choice
Equipment costing $70000 with a salvage value of $14000 and an estimated life of 8 years has been depreciated using the straight-line method for 2 years. Assuming a revised estimated total life of 5 years and no change in the salvage value the depreciation expense for year 3 would be
A) $ 8400.
B) $18667.
C) $14000.
D) $11200.
Correct Answer:
Verified
Correct Answer:
Verified
Q106: Bell Company and Kene Company exchanged trucks
Q107: An asset that cannot be sold individually
Q108: Expenditures that maintain the operating efficiency and
Q109: If disposal of a plant asset occurs
Q110: The four subdivisions for plant assets are<br>A)
Q112: A loss on the exchange of plant
Q113: Salem Company hired Kirk Construction to construct
Q114: Foley Word Processing Service uses the
Q115: Additions and improvements<br>A) occur frequently during the
Q116: Drago Company purchased equipment on January 1