Use the Information Presented Below for Farley River, Inc

question 161

Multiple Choice

Use the information presented below for Farley River, Inc. for 2015 and 2014 to answer the questions that follow. Farley River uses the straight-line depreciation method.

-Refer to the information for Farley River, Inc. Using the 2015 data, what is the average life of Farley River's property, plant, and equipment rounded to one
Decimal place?

• A) 1.6 years
• B) 2.5 years
• C) 4.0 years
• D) 10.0 years