Equipment Costing $40,000 with a Salvage Value of $8,000 and an Estimated

question 176

Multiple Choice

Equipment costing $40,000 with a salvage value of $8,000 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) $4,800.
• B) $10,667.
• C) $8,000.
• D) $6,400.

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The branch of economics that studies overall economic dynamics, including inflation, unemployment, and economic growth, on a national or global scale.

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The branch of economics that studies how individuals, households, and firms make decisions to allocate limited resources, typically in markets where goods or services are being bought and sold.

Voter Identification

Laws or measures requiring individuals to present specified forms of identification in order to vote, aimed at preventing voter fraud.