Jennings Advertising Inc

question 20

Multiple Choice

Jennings Advertising Inc. reported the following in its December 31, 2009, balance sheet: In a disclosure note, Jennings indicates that it uses straight-line depreciation over 10 years and estimates salvage value at 10% of cost. What is the average age of the equipment owned by Jennings?

• A)2.7 years
• B)3 years
• C)7 years
• D)7.3 years

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Definitions:

\(n + 1\)

An expression representing one more than a given number \(n\).

\(( n + 6 ) !\)

A notation indicating the factorial of n plus 6, meaning the product of all positive integers up to n+6.

\(( n + 3 ) !\)

Denotes the factorial of the sum of a variable n and 3, representing the product of all positive integers up to and including (n+3).

\(n !\)

Denotes the factorial of n, which is the product of all positive integers less than or equal to n.