Equipment Costing $60,000 with a Residual Value of $6,000 and an Estimated

question 21

Multiple Choice

Equipment costing $60,000 with a residual value of $6,000 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)$6,750.
• B)$9,000.
• C)$13,500.
• D)$10,800.

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Definitions:

Fibrin

A fibrous, non-globular protein produced in the blood clotting process, essential for wound healing.

Factor XII

A clotting factor also known as Hageman factor, involved in the initiation of the coagulation cascade in blood clotting.

Osmotic Pressure

The pressure required to prevent the flow of a solvent into a solution through a semipermeable membrane, reflecting the concentration of solutes.

Erythrocytes

Red blood cells that carry oxygen from the lungs to the body tissues and carbon dioxide as a waste product, back to the lungs.