If an Asset Was Purchased on January 1, 2006 for $140,000

question 18

Multiple Choice

If an asset was purchased on January 1, 2006 for $140,000 with an estimated life of 5 years, what is the accumulated depreciation at December 31, 2009?

• A) $28,000.
• B) $112,000.
• C) $56,000.
• D) $84,000.

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Definitions:

Somatic Fluid

Bodily fluids that are part of, or produced by, the cells or tissues of the body, excluding reproductive fluids.

Electroencephalograph

An instrument that measures and records the electrical activity of the brain, known as an EEG.

Positron Emission Tomography

A type of imaging test that uses a radioactive substance to look for disease in the body, especially in the brain.

Electrical Stimulation

The use of electrical impulses to induce a muscular contraction or stimulate nerves and tissues for therapeutic purposes.