Use the Following Information for Questions

question 24

Multiple Choice

Use the following information for questions.
During calendar 2017, Laertes Corp.sold equipment for $70,000.The equipment had cost $100,000 and had a book value of $52,000 at the time of sale.Data from their comparative statements of financial position are:
-Depreciation expense for 2017 was

• A)$86,000.
• B)$68,000.
• C)$18,000.
• D)$12,000.

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Definitions:

Early Childhood

A period in a human's life ranging from birth to 8 years old, a critical stage for development and learning.

Memory

The mental capability to store, retain, and recall information from past experiences.

Early Childhood

Early childhood refers to the developmental period ranging from birth to approximately 8 years old, characterized by rapid physical, cognitive, and emotional growth.

Cognitive Development

The process of growth and change in intellectual/mental abilities such as thinking, reasoning, and understanding.