A Company Purchases for $48,000 an Asset That Has a Useful

question 170

Multiple Choice

A company purchases for $48,000 an asset that has a useful life of six years and no salvage value.After two years,the company spends $8,000 for a major overhaul that will extend the machine's useful life four years beyond the original six.Assuming straight-line depreciation,how much depreciation should be taken in year 3?

• A)$4,000
• B)$5,000
• C)$5,600
• D)$8,000

Distinguish between intentional and unintentional torts and their repercussions.

Understand the remedies available in tort law, including compensatory and punitive damages.

Recognize the significance of intent in committing an intentional tort.

Delineate between public figures and private individuals in tort claims, particularly in defamation.