A Building with a Cost of $500 000,an Estimated Residual

question 17

Multiple Choice

A building with a cost of $500 000,an estimated residual value of $50 000,and an estimated useful life of 20 years was depreciated by the straight-line method for 10 years.In the eleventh year,it was determined that the useful life should be extended by 10 years (i.e.from 20 years to 30 years) .The residual value was to remain the same.The depreciation expense for the current and future years is:

• A) $15 000
• B) $11 250
• C) $13 750
• D) $12 500.

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Definitions:

Mental Illness

A broad range of mental health conditions that affect mood, thinking, and behavior, often requiring clinical intervention.

Cognitive Model

A theory in psychology that emphasizes the importance of internal thoughts and perceptions in determining behavior.

Abnormal Behavior

Patterns of emotion, thought, and action deemed pathological for one or more reasons, including discomfort, dysfunction, distress, or deviation from the norm.

Conscious Mental Processes

Thoughts, perceptions, and feelings of which an individual is aware at any given moment.