An Asset Was Purchased for $250000

question 241

Multiple Choice

An asset was purchased for $250000. It had an estimated salvage value of $50000 and an estimated useful life of 10 years. After 5 years of use the estimated salvage value is revised to $40000 but the estimated useful life is unchanged. Assuming straight-line depreciation depreciation expense in year 6 would be

• A) $30000.
• B) $22000.
• C) $15000.
• D) $21000.

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An offer or proposal made by one business to another, detailing how a particular product or service can meet the latter's needs.

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