Tran IncPurchased Equipment for $48,000, and Estimated That the Equipment Will

question 126

Multiple Choice

Tran Inc.purchased equipment for $48,000, and estimated that the equipment will have a $4,000 residual value at the end of its 8-year useful life.Using the double diminishing-balance method, the depreciation expense for the third year would be

• A)$9,000.
• B)$6,750.
• C)$6,188.
• D)$5,500.

---

Definitions:

School Phobia

An intense fear of going to school that results in significant distress and avoidance of attending school.

Minimizes Effects

To reduce or downplay the significance or impact of something.

Divorce

The legal termination of a marriage by a court or other competent body.

School Phobia

An intense fear or anxiety related to attending school, which can lead to avoidance and significant distress.