On January 1,Year 1,Li Company Purchased an Asset That Cost

question 70

Multiple Choice

On January 1,Year 1,Li Company purchased an asset that cost $80,000.The asset had an expected useful life of five years and an estimated salvage value of $16,000.Li uses the straight-line method for the recognition of depreciation expense.At the beginning of the fourth year,the company revised its estimated salvage value to $8,000.What is the amount of depreciation expense to be recognized during Year 4?

• A)$12,800
• B)$16,800
• C)$33,600
• D)$20,800

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Definitions:

Unemployed

Individuals who are not engaged in paid work but are available for and seeking employment.

Lower Class

pertains to the social group that occupies the bottom tier of the social hierarchy, often associated with lower income and limited access to resources.

Premeditated Murders

are murders planned in advance, reflecting forethought and intent to kill, rather than impulsive or spontaneous actions.

Impulse Murders

Homicides that are committed in a moment of sudden inclination without premeditation.