Equipment Costing $30,000 with a Salvage Value of $6,000 and an Estimated

question 251

Multiple Choice

Equipment costing $30,000 with a salvage value of $6,000 and an estimated life of 8 years has been depreciated using the straight-line method for 2 years. Assuming a revised estimated total life of 5 years and no change in the salvage value, the depreciation expense for year 3 would be

• A) $3,600.
• B) $8,000.
• C) $6,000.
• D) $4,800.

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Definitions:

Liplike Structures

Parts or features that resemble or function similarly to lips, often found in anatomy or botany.

Vaginal Opening

The external opening of the vagina, which leads to the vaginal canal and connects the external genitalia to the uterus.

Abnormal Position

Refers to an unusual or non-typical placement or orientation of a body part or organ.

Uterus

A muscular organ in the female reproductive system where a fertilized egg develops into a fetus.