An Asset Was Purchased for ¥200,000

question 111

Multiple Choice

An asset was purchased for ¥200,000. It had an estimated residual value of ¥40,000 and an estimated useful life of 10 years. After 5 years of use, the estimated residual value is revised to ¥32,000 but the estimated useful life is unchanged. Assuming straight-line depreciation, depreciation expense in year 6 would be

• A) ¥24,000.
• B) ¥17,600.
• C) ¥12,000.
• D) ¥16,800.

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Definitions:

Creativity

The ability to generate novel and useful ideas or solutions to problems, often leading to innovative outcomes.

Oxygen

A chemical element with symbol O, essential for the respiration of most living organisms and for combustion processes.

Idea Quotas

Fixed or minimum numbers of creative ideas or innovations that individuals or teams are expected to produce within a certain timeframe.

Creativity

The ability to produce original and unusual ideas, or to make something new or imaginative.