Use the Following Data ? Using the Straight-Line Method, the Amount of Depreciation Each

question 45

Multiple Choice

Use the following data: $$\begin{array} { l r } \text { Asset cost } & \$ 120,000 \\\text { Expected life } & 3 \text { years } \\\text { Estimated salvage value } & \$ 15,000\end{array}$$ ? Using the straight-line method, the amount of depreciation each year would be

• A) $35,000.
• B) $40,000.
• C) $45,000.
• D) $15,000.

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Definitions:

Ethical Judgments

Decisions or conclusions about the morality of actions, behaviors, or situations, based on a set of moral principles or a moral philosophy.

Dependable

Reliable or trustworthy; capable of being counted on to fulfill promises, duties, or expectations.

Utilitarianism

An ethical theory that posits the best action is the one that maximizes utility, often defined as maximizing happiness and reducing suffering.

Cost-benefit Analysis

An economic evaluation method that compares the costs and benefits of an action or decision to determine its feasibility or worth.