Using the Information Below,calculate the Average Total Depreciable Life of the Assets

question 59

Multiple Choice

Using the information below,calculate the average total depreciable life of the assets:
$$\text { Information iram the Balance Sheet: }$$
$\begin{array}{lccc}&2012&2011\\ \text { Depreciable Assets } &\$ 2,458,600 & (1,350,700) \\ \text { Accumulated Depreciation }& \$ 1,985,400 &(1,046,000 \\ \text { Denreciable Assets (Net) }&\$ 1107900&\$ 939400\end{array}$


$\begin{array}{lccc} \text { From the Incame Statement } & 2012 \\ \text { Depreciation Expense} & \$ 384,500\end{array}$

• A) 5.8 years
• B) 10 years
• C) 2.9 years
• D) 5.3 years

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Definitions:

Final Good

A product or service that is consumed by the end user and does not require further processing or manufacturing.

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A business establishment where meals or refreshments may be purchased and consumed by patrons.

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The financial situation where a government's expenditures exceed its revenues within a specified period, leading to borrowing or debt accumulation.