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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Describe relevant experiences informing your understanding of health. Examples could be personal, professional, community, and/or academic? I have...

Psychology
Q

Give Mathematical definitions of periodic 2and periodic 3 cycles of a map. Show these graphically for...

Advance Math
Q

Schultz Inc. is deciding to automate either its Molding department or its Finishing department. Funds are...

Accounting
Q

1. At the beginning of the month, the Painting Department of Skye Manufacturing had 23,000 units in...

Accounting
Q

The purpose of studying an urban microbiome is to study the diversity of microbiomeand observe...

Biology
Q

In YDSE one of the slit is wider than other so that amplitude of the...

Physics
Q

The potential gradient along the length of uniform wire is 10 Vm The length of...

Physics
Q

A battery of e m f 2 0 V and internal resistance 0 52 is...

Physics
Q

Polygon ABCD reflects about line MN to make polygon EFGH What is the length of...

Geometry
Q

Young s inequality Let x y E R a Show that 2xy x y Hint...

Basic Math
Q

Objective In this lesson you will learn how to find inverse functions graphically and algebraical...

Algebra
Q

Principles Exercise 5-1 This indormation relates...

Accounting