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:

Sexual Harassment

Unwelcome sexual advances, requests for sexual favors, and other verbal or physical harassment of a sexual nature, especially in the workplace or educational settings.

Hostile Working Environment

A work setting where harassment or discrimination interferes with an employee's job performance or creates an intimidating, hostile, or offensive work environment.

Grants Job

Positions or roles related to the management, acquisition, or distribution of grant funds, often in non-profit, educational, or governmental sectors.

Workers' Compensation Laws

Laws designed to provide financial compensation to employees who are injured or become ill as a direct result of their job.