A Two Year-Old Asset Has a Depreciable Life of 10

question 23

Multiple Choice

A two year-old asset has a depreciable life of 10 years.Its initial purchase cost was $450,000 and it is depreciated by 10 percent annually.What is the remaining depreciable value of the asset?

• A)$ 0.00
• B)$90,000
• C)$200,000
• D)$360,000

---

Definitions:

Sildenafil

A drug used to treat erectile disorder that helps increase blood flow to the penis during sexual activity. Marketed as Viagra.

Erectile Disorders

A group of disorders characterized by a consistent inability to achieve or maintain an erect penis for satisfactory sexual activity.

Viagra

A brand name for sildenafil citrate, a medication used primarily in the treatment of erectile dysfunction.

Erectile Disorder

A medical condition characterized by the consistent inability to maintain an erection sufficient for satisfactory sexual performance.