ACC MCQ
ACC101 Chapter 1
A vehicle had an estimated useful life of 8 years. The vehicle cost $23,000 and its estimated salvage value is $1,500. The depreciation expense (using straight line method) for a year is:
A vehicle had an estimated useful life of 8 years. The vehicle cost $23,000 and its estimated salvage value is $1,500. The depreciation expense (using straight line method) for a year is:
A vehicle had an estimated useful life of 8 years. The vehicle cost $23,000 and its estimated salvage value is $1,500. The depreciation expense (using straight line method) for a year is:
a. $ 2687.50.
b. $ 3546.50.
c. $ 2875.00.
d. $10,750.00.
e. $ 2,856.25.
Answer: A
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