Equipment with a Cost of $220,000 Has an Estimated Residual

question 75

Multiple Choice

Equipment with a cost of $220,000 has an estimated residual value of $30,000 and an estimated life of 10 years or 19,000 hours.It is to be depreciated by the straight-line method.What is the amount of depreciation for the first full year,during which the equipment was used 2,100 hours?

• A)$21,000
• B)$30,000
• C)$22,000
• D)$19,000

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Definitions:

Digital Recorder

An electronic device designed to record and store audio or video signals digitally for later playback or processing.

Interviewee

A person who answers questions during an interview, typically the one being interviewed.

Interviewer

A person who asks questions to another individual, known as the interviewee, in a formal or informal setting, often for the purpose of gathering information, evaluating qualifications, or for media publication.

Locating

The act of finding or establishing the position of something, often used in legal contexts to refer to identifying persons, assets, or information.