Oakland Company Owns a Fixed Asset with an Original Cost

question 125

Multiple Choice

Oakland Company owns a fixed asset with an original cost of $100,000.The company estimates it will use the fixed asset for 5 years,at which time the fixed asset will be sold for $10,000.The annual depreciation expense is ________.

• A)$0
• B)$10,000
• C)$18,000
• D)$20,000

---

Definitions:

Retention Bonus

A financial incentive offered to an employee to encourage them to stay with the company for a specified period.

Retention Bonuses

Financial incentives offered to employees to encourage them to stay with the company for a specified period.

Gainsharing

A program in which employees receive financial benefits from the company's cost savings due to their collective efforts to improve performance and efficiency.

Merit Pay

A form of compensation where employees receive additional pay or bonuses based on their performance and achievements, as determined through evaluations or assessments.