An Asset Bought for $168 000 with a Zero Residual

question 24

Multiple Choice

An asset bought for $168 000 with a zero residual value was expected to last for seven years before it needed replacing.If at the end of the third year it was decided to extend its total useful life by four years new remaining life is now eight years) calculate the new depreciation charge using the straight-line approach.

• A)$11 000
• B)$13 000
• C)$12 500
• D)$12 000

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Definitions:

Agency

In Burke’s dramatistic analysis, the means by which an act takes place.

Rhetorical Analyses

The examination and interpretation of texts, images, or other media to understand how they persuade or convey messages.

Persuasion

The act or process of influencing someone's beliefs, attitudes, or behaviors through communication.

Marxist Criticism

A lens of literary critique that views texts through the socio-economic forces that shape society, focusing on class struggle and disparities.