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:

Automating

The process of using technology to perform tasks without human intervention, often to increase efficiency and reduce errors.

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The percentage of applications or offers that are turned down or not accepted in a given process or time frame.