Using the Straight-Line Method, Depreciation for 2009 and Book Value

question 74

Multiple Choice

Using the straight-line method, depreciation for 2009 and book value at December 31, 2009, would be:

• A)$10,000 and $30,000.
• B)$11,250 and $28,750.
• C)$10,000 and $35,000.
• D)$11,250 and $33,750.Depreciation in 2009 = ($45,000 5,000) 4 = $10,000 Book value, 12/31/09 = $45,000 10,000 = $35,000

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