A Two Year-Old Asset Has a Depreciable Life of 10

question 23

Multiple Choice

A two year-old asset has a depreciable life of 10 years.Its initial purchase cost was $450,000 and it is depreciated by 10 percent annually.What is the remaining depreciable value of the asset?

• A)$ 0.00
• B)$90,000
• C)$200,000
• D)$360,000

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Definitions:

Developmental Psychologists

Professionals who study the psychological growth and development that occurs throughout a lifespan.

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The increased likelihood of developing a particular disease or condition based on an individual's genetic makeup.

Cognitive Changes

Alterations in cognitive functions such as memory, problem-solving, and attention that can occur due to aging, neurological diseases, or psychological conditions.

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Substances used in various industries that can pose health risks to employees if not properly managed or contained.