A Company Buys Equipment for $48,000,expects to Use It for Ten

question 162

Multiple Choice

A company buys equipment for $48,000,expects to use it for ten years,and then sell it for $6,000.Using the straight-line method,the company should report annual depreciation for the equipment of:

• A) $4,200.
• B) $8,400.
• C) $4,800.
• D) $9,600.

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Definitions:

Qualitative Data

Non-numeric data that describes attributes or characteristics, often collected through observations, interviews, or surveys.

Relative Frequency Distribution

A table or chart that displays the relative frequencies of different categories or values in a dataset.

Class Boundaries

The values that sit between classes in a frequency distribution, used for continuous data to separate different classes.

Discrete Data

Data that can only take on specific values and cannot be made more precise by further measuring or subdividing.