In the Following Exercise, Assume Straight-Line Depreciation $\$ 565.00$ When New and Is Expected to Be Worth

question 67

Multiple Choice

In the following exercise, assume straight-line depreciation. A word processor costs $\$ 565.00$ when new and is expected to be worth $\$ 115.00$ after 5 years. What will it be worth after 2 years?

• A) \(\quad \$ 115.00\)
• B) \(\quad \$ 340.00\)
• C) \(\quad \$ 385.00\)
• D) \(\quad \$ 565.00\)
• E) \(\quad \$ 450.00\)

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