Equipment Was Purchased at the Beginning of 2009 for $204,000

question 77

Multiple Choice

Equipment was purchased at the beginning of 2009 for $204,000.At the time of its purchase, the equipment was estimated to have a useful life of six years and a residual value of $24,000.The equipment was depreciated using the straight-line method of depreciation through 2011.At the beginning of 2012, the estimate of useful life was revised to a total life of eight years and the expected residual value was changed to $15,000.The amount to be recorded for depreciation for 2012, reflecting these changes in estimates, is

• A)$12,375.
• B)$19,800.
• C)$22,800.
• D)$23,625.

---

Definitions:

Freelancer

An individual who works as an independent contractor to provide services to multiple clients, often operating their own small business.

Free Agent

A professional who operates independently, often contracting their services to different organizations rather than being permanently employed by one.

Multiple Employers

Engaging multiple employers refers to a work arrangement where an individual simultaneously holds employment positions with more than one employer, often to diversify income sources or gain varied work experiences.

Flextime

Flexible working hours in which employees customize their own work hours within limits established by management.