Equipment Costing $70,000 with a Salvage Value of $14,000 and an Estimated

question 218

Multiple Choice

Equipment costing $70,000 with a salvage value of $14,000 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 6 years and no change in the salvage value, the depreciation expense for Year 3 would be

• A) $10,500.
• B) $9,333.
• C) $14,000.
• D) $7,000.

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