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:

Culturally Influenced

Culturally influenced describes how cultural contexts, norms, and practices shape individuals' behaviors, beliefs, and attitudes, contributing to the diversity of human experiences and interactions.

Genetically Influenced

Traits or conditions that are affected by genes inherited from one's parents, including aspects of physical appearance, behavior, and risk of diseases.

REM Sleep

A phase of sleep characterized by rapid eye movements, vivid dreaming, and increased brain activity, playing a crucial role in memory and learning.

Sleep Apnea

A disorder where individuals experience interruptions in their breathing or shallow breaths during sleep.