Equipment Costing $60,000 with a Residual Value of $12,000 and an Estimated

question 196

Multiple Choice

Equipment costing $60,000 with a residual value of $12,000 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 residual value, the depreciation expense for year 3 would be

• A)$7,200.
• B)$16,000.
• C)$12,000.
• D)$9,,600.

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Definitions:

Criminal Justice

Criminal Justice refers to the system of practices and institutions of governments directed at upholding social control, deterring and mitigating crime, and sanctioning those who violate laws with criminal penalties and rehabilitation efforts.

Ethical Standards

Guidelines or principles designed to govern behavior in a professional or personal setting, based on notions of right and wrong.

Ethical Dilemma

A situation where a person is faced with a decision that involves a conflict between moral imperatives.

Ethical Issue

A dilemma or situation that requires a choice between options that are or seem to be morally right or wrong.