On January 1, 2016, Pistachio purchased an asset that had an estimated residual value of $700 after an economic life of four years. Pistachio used sum-of-the-years'-digits depreciation and recorded $1,560 of depreciation expense in 2018. What was the cost of the asset?
A) $5,900
B) $7,100
C) $4,500
D) $8,500
D
You might also like to view...
Nominal scales are used for classification and identification purposes only
Indicate whether the statement is true or false
Find the area under the normal curve between the Z values 0.19 and 2.98.
A. 42.32% B. 17.33% C. 26.53% D. 69.23%
The process of seeing or hearing messages without being aware of them is referred to as
A. selective perception. B. selective attention. C. indifference. D. selective retention. E. subliminal perception.
The Division of ________ is responsible for setting and administering the disclosure requirements prescribed by the 1933 and the 1934 Securities Acts, the Public Utility Holding Company Act, and the Investment Company Act
A) Market Regulation B) Corporation Finance C) Enforcement D) Investment Management