What would the lessee record as annual depreciation on the asset using the straight-line method?
A)$ 5,328.
B)$ 6,328.
C)$ 6,392.
D)$10,000.Depreciation = $63,282 / 10 years = $6,328

Question

Quizplus · Accepted Answer

The annual depreciation on the asset using the straight-line method can be calculated by dividing the cost of the asset ($63,282) by its useful life (10 years), which gives us $6,328. Therefore, the best choice is B.

What Would the Lessee Record as Annual Depreciation on the Asset