Multiple Choice
Computer equipment was acquired at the beginning of the year at a cost of $57,000 that has an estimated residual value of $9,000 and an estimated useful life of 5 years.Determine the second-year depreciation using the straight- line method.
A) $13,200
B) $19,200
C) $9,000
D) $9,600
Correct Answer:

Verified
Correct Answer:
Verified
Q40: Revising depreciation estimates affects the amounts of
Q46: On December 31, Strike Company sold one
Q113: A fixed asset with a cost of
Q122: The most widely used depreciation method is<br>A)straight-line<br>B)other<br>C)units-of-output<br>D)double-declining-balance
Q123: A machine with a cost of $120,000
Q124: The accumulated depletion account is<br>A)an intangible asset
Q125: In a lease contract,the party who legally
Q129: When a company discards machinery that is
Q174: Regardless of the depreciation method, the amount
Q188: The cost of computer equipment does not