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Solve the Problem $214,000\$ 214,000 It Has a Scrap Value Of Milling

Question 54

Multiple Choice

Solve the problem.
-A manufacturer bought a milling machine for $214,000\$ 214,000 . It has a scrap value of $72,000\$ 72,000 . The useful life can range from 5 to 10 years. The manufacturer wants to show no more than $16,279\$ 16,279 per year in depreciation. How many years (integer) should be used for its life?


A) 7 years
B) 9 years
C) 8 years
D) 10 years

Correct Answer:

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