Using the Information Below Calculate the Average Total Depreciable Life $\text { Information from the Balance Sheet: }$

Using the information below calculate the average total depreciable life of the assets: $\text { Information from the Balance Sheet: }$

$\begin{array}{llll}&2012&2011\\\text { Depreciable Assets } & \$ 475,000 & \$ 385,000 \\\text { Accumulated Depreciation } &\underline{(150,000) }&\underline{(95,000) }\\ \text { Depreciable Assets(Net) } & \$325,000& \$ 290,000\end{array}$ $\begin{array}{llcc} \text {From the Income Statement } &2012 \\ \text { Depreciation Expense } &\$47,000\\\end{array}$

A) 6.54 years
B) 10.10 years
C) 6.91 years
D) 9.15 years

Correct Answer:

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Access For Free