An Asset Was Purchased for $140,000

question 174

Multiple Choice

An asset was purchased for $140,000.It had an estimated salvage value of $35,000 and an estimated useful life of 10 years.After 5 years of use, the estimated salvage value is revised to $28,000 but the estimated useful life is unchanged.Assuming straight-line depreciation, depreciation expense in Year 6 would be

• A)$21,000.
• B)$14,875.
• C)$11,900.
• D)$17,500.

Know when job evaluations are conducted within organizations.

Learn how to ensure employee compensation aligns with market levels.

Understand different levels of market pay policies.

Distinguish between job evaluation and job analysis.

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Definitions:

Supply Curve

A graphical representation of the relationship between the price of a good and the quantity of the good that suppliers are willing to sell.

Total Variable Costs

The sum of expenses that vary directly with the level of production or output, including costs for materials and labor.

Output

The amount of goods or services produced by a business, industry, or economy.

Supply Curve

A graphical representation showing the relationship between the price of a good and the amount of it that producers are willing to supply at each price level.