Use the Information Presented Below for Chambersburg Corp ​
-Refer to the Information for Chambersburg Corp

question 70

Multiple Choice

Use the information presented below for Chambersburg Corp.for 2017 and 2016 to answer the questions that follow.Chambersburg uses the straight-line depreciation method. $\begin{array}{lrr}&\mathbf{2 0 1 7} & \mathbf{2 0 1 6} \\\text { Property, plant, and equipment }&\$ 250,000 & \$ 190,000 \\\text {Accumulated depreciation }&100,000 & 85,000 \\\text { Depreciation expense }&62,500 & 47,500 \\\text { Net sales }&1,000,000 & 900,000 \\\text { Average Total assets }&625,000 & 475,000\\\end{array}$ ​
-Refer to the information for Chambersburg Corp. ?
Using the 2017 data, what is the average age of Chambersburg's property, plant, and equipment?

• A) 1.60 years
• B) 2.50 years
• C) 4.00 years
• D) 10.00 years

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