An asset was purchased for $100,000. It had an estimated residual value of $20,000 and an estimated useful life of ten years. After four years of use, the estimated residual value is revised to $14,000. Assuming straight-line depreciation, depreciation expense in year 5 of use would be
A) $7,667.
B) $8,572.
C) $9,000.
D) $14,334.
C
You might also like to view...
A job cost sheet was partially destroyed but the amount for direct materials of $42,000 and the total amount for the job of $132,000 were still visible. Factory overhead is applied at 50% of direct labor. The amount of direct labor charged to the job:
a. is $30,000 b. is $90,000 c. is $40,000 d. is $60,000 e. Cannot be determined from the information provided.
The party who borrows money (gets credit) is called the creditor
a. True b. False Indicate whether the statement is true or false
Answer the following statement(s) true (T) or false (F)
The standard deviation is sensitive to extreme scores.
Consider a queuing system where customers are unwilling or unable to wait for service; the average interarrival time is the average time between the ________.
A. arrival of two successive customers B. processing of two successive customers C. departure of two successive customers D. service of two successive customers