The Linear Depreciation Method Assumes That an Item Depreciates the Same

question 119

Multiple Choice

The linear depreciation method assumes that an item depreciates the same amount each year. Suppose a new piece of machinery costs $22,500 and it depreciates $1,450 each year for t years. Find the value of the machinery after 8 years.

• A) $11,600
• B) $34,100
• C) $10,900

---

Definitions:

Republicans

A member of the Republican Party, one of the two major contemporary political parties in the United States, often associated with conservative and right-leaning policies.

Fair Deal

A set of proposals put forward by U.S. President Harry S. Truman to Congress in 1949 aimed at improving social welfare and civil rights.

Harry S. Truman

The 33rd President of the United States, serving from 1945 to 1953, known for implementing the Marshall Plan and leading the country through the end of World War II.

Federal Health Insurance

A government-provided insurance scheme designed to offer health coverage to citizens, typically funded through taxes, examples include Medicare and Medicaid in the United States.