Using the Information Below Calculate the Average Total Depreciable Life $\text { Information from the Balance Sheet: }$

question 98

Multiple Choice

Using the information below calculate the average total depreciable life of the assets: $\text { Information from the Balance Sheet: }$

$\begin{array}{llll}&2012&2011\\\text { Depreciable Assets } & \$ 2,458,600 & \$ 1,985,400\\\text { Accumulated Depreciation } &\underline{(1,350,700) }&\underline{(1,046,000) }\\ \text { Depreciable Assets(Net) } & \$1,107,900& \$939,400\end{array}$ $\begin{array}{llcc} \text {From the Income Statement } &2012 \\ \text { Depreciation Expense } &\$384,500\\\end{array}$

• A) 5.8 years
• B) 10 years
• C) 2.9 years
• D) 5.3 years

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Definitions:

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