Solved

After 4 Years,a Machine Had an Accumulated Depreciation of $38,000

Question 70

Multiple Choice

After 4 years,a machine had an accumulated depreciation of $38,000.Originally,the machine had an anticipated life of 8 years and a salvage value of $5,000.If the current book value after 4 years is $43,000 and the machine has only 2 years of useable life left,how much will be depreciated in Year 5 and in Year 6 using the straight-line method of depreciation,and assuming the salvage value is still $5,000?


A) $21,500 each year
B) $9,500 each year
C) $19,000 each year
D) $10,125 each year

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents