Broadway Ltd

question 124

Multiple Choice

Broadway Ltd.purchased equipment on January 1,2014,for $800,000,estimating a five-year useful life and no residual value.In 2014 and 2015,Broadway depreciated the asset using the straight-line method.In 2016,Broadway changed to sum-of-years'-digits depreciation for this equipment.What depreciation would Broadway record for the year 2016 on this equipment?

• A)$120,000.
• B)$160,000.
• C)$200,000.
• D)$240,000.

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Definitions:

Hydroelectric Power

Power produced by the movement of water, specifically the generation of electrical energy.

Sand Dunes

Mounds or ridges of sand formed by the wind or sometimes by water flow, common in deserts and on beaches.

Crescent Shapes

Forms or structures that are shaped like a crescent moon, often found in dune and ripple markings.

Loess Deposits

Fine-grained, wind-blown sediments that can form thick, fertile soil layers.