Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. when originally purchased, a vehicle had a cost of

When originally purchased, a vehicle had a cost of $23,000, with an estimated residual value...

50.1K

Verified Solution

Question

Accounting

When originally purchased, a vehicle had a cost of $23,000, with an estimated residual value of $1,500. The estimated useful life is 8 years. After 4 years of straight-line depreciation, the estimated useful life was revised from 8 to 6 years, but with zero residual value. The depreciation expense in year 5 should be
Multiple Choice
$10,750.00
$2.687.50
$5,543.75
$6,125.00
$2,856.25

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Describe the pathway that transmits pain stimuli to the brain and the analgesic pathway that will...

Biology
Q

What do you understand by \" hydrated ions\" ? Give examples of hydrated ions and explain...

Chemistry
Q

A species of pea plants produces peas that are either smooth dominant trait or wrinkly...

Biology
Q

Internal Anatomy A A B C CDEFG D G H B Select Select Select Select...

Biology
Q

Suppose you deposit $1000 at 3% interest compounded continuously. Find the average value of your...

Basic Math
Q

Match the coefficient of determination to the scatter diagram The scales on the x axis...

Statistics
Q

Find the derivative of the function.y = 7?x

Calculus
Q

2 413 A 4v 1 2v 15 C B 4 D 2v 16 2x A...

Algebra
Q

Comparative balance sheet accounts of Jensen Company are presented below. Jensen Company Comparative...

Accounting
Q

The following information was available to reconcile Montrose Company's book balance of Cash with its...

Accounting
Q

Five annual deposits in the amounts of $12,000, $10,000, $8000, $6000, and $4000, in that...

Finance
Q

Go to finance.yahoo.com, search for Walmart, and report the following information. (You might want to...

Finance