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

Question 98

Multiple Choice

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

20122011 Depreciable Assets $2,458,600$1,985,400 Accumulated Depreciation (1,350,700) ‾(1,046,000) ‾ Depreciable Assets(Net)  $1,107,900$939,400\begin{array}{llll}&2012&2011\\\text { Depreciable Assets } & \$ 2,458,600 & \$ 1,985,400\\\text { Accumulated Depreciation } &\underline{(1,350,700) }&\underline{(1,046,000) }\\ \text { Depreciable Assets(Net) } & \$1,107,900& \$939,400\end{array} From the Income Statement 2012 Depreciation Expense $384,500\begin{array}{llcc} \text {From the Income Statement } &2012 \\ \text { Depreciation Expense } &\$384,500\\\end{array}


A) 5.8 years
B) 10 years
C) 2.9 years
D) 5.3 years

Correct Answer:

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