Using the straight-line method, depreciation for 2009 and book value at December 31, 2009, would be:
A)$10,000 and $30,000.
B)$11,250 and $28,750.
C)$10,000 and $35,000.
D)$11,250 and $33,750.Depreciation in 2009 = ($45,000 5,000) 4 = $10,000 Book value, 12/31/09 = $45,000 10,000 = $35,000

Question

Quizplus · Accepted Answer

The depreciation for 2009 is calculated as ($45,000 - $5,000) / 4 = $10,000. The book value at December 31, 2009, is $45,000 - $10,000 = $35,000.

Using the Straight-Line Method, Depreciation for 2009 and Book Value