Equipment Costing $30,000 with a Residual Value of $3,000 and an Estimated

question 96

Multiple Choice

Equipment costing $30,000 with a residual value of $3,000 and an estimated life of eight years has been depreciated using the straight-line method for two years. Assuming a revised estimated total life of five years, the depreciation expense for year 3 would be

• A) $3,375.
• B) $4,500.
• C) $6,750.
• D) $5,400.

---

Definitions:

Callous

Exhibiting or having an insensitive and cruel disregard for others.

Unconcerned

Not worried, interested, or engaged; indifferent.

Evolutionary Perspective

A theoretical approach that explains human behavior and mental processes through the lens of adaptation and natural selection.

Prosocial Behaviour

Refers to voluntary actions intended to help or benefit another individual or group of individuals without expecting reward.