Using the Straight-Line Method, Depreciation for 2010 and the Equipment's

question 39

Multiple Choice

Using the straight-line method, depreciation for 2010 and the equipment's book value at December 31, 2010 would be:

• A)$14,400 and $43,200.
• B)$28,800 and $37,200.
• C)$13,200 and $39,600.
• D)$13,200 and $45,600.Depreciation, 2010 = ($72,000 6,000) 5 = $13,200 Book value, 12/31/10 = $72,000 (2 13,200) = $45,600

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Definitions:

Value

The importance, worth, or usefulness of something, often determined by its perceived benefit or desirability in a specific context.

Opium of the People

A metaphorical expression by Karl Marx, describing religion's capacity to reduce people's immediate suffering and provide them with pleasant illusions.

Karl Marx

A 19th-century philosopher and economist known for his critique of capitalism and his theories on socialism and communism.

Working Class

A social class comprising individuals engaged in manual labor or industrial work for wages.