Solved

Using the Information Below Calculate the Average Total Depreciable Life

Question 96

Multiple Choice

Using the information below calculate the average total depreciable life of the assets:  Infarmation from the Balance Shet: 20122011 Depreciable As5ets 400,000$400,000 Accumulated Depreciation (175,000)  (100,000)   Depreciable A5sets (Net)  $425,000$300,000\begin{array}{l}\text { Infarmation from the Balance Shet: }\\\begin{array} { l c c c } & \mathbf { 2 0 1 2 } & \mathbf { 2 0 1 1 } \\\text { Depreciable As5ets } & \mathbf { 4 0 0 , 0 0 0 } & \$ 400,000 \\\text { Accumulated Depreciation } & ( 175,000 ) & \text { (100,000) } \\\text { Depreciable A5sets (Net) } & \$ 425,000 & \$ 300,000\end{array}\end{array}
Using the information below calculate the average total depreciable life of the assets: \begin{array}{l} \text { Infarmation from the Balance Shet: }\\ \begin{array} { l c c c } & \mathbf { 2 0 1 2 } & \mathbf { 2 0 1 1 } \\ \text { Depreciable As5ets } & \mathbf { 4 0 0 , 0 0 0 } & \$ 400,000 \\ \text { Accumulated Depreciation } & ( 175,000 ) & \text { (100,000) } \\ \text { Depreciable A5sets (Net) } & \$ 425,000 & \$ 300,000 \end{array} \end{array} A) 6.54 years B) 7.25 years C) 6.91 years D) 9.15 years


A) 6.54 years
B) 7.25 years
C) 6.91 years
D) 9.15 years

Correct Answer:

verifed

Verified

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

Related Questions

Q9: All of the following statements are true

Q10: The functional currency of a foreign unit

Q13: You are trying to determine the functional

Q19: Most publicly traded firms in the United

Q29: An investing firm consolidates the variable interest

Q32: The method used to account for oil

Q82: Managers are typically faced with all of

Q86: GAAP stipulates that firms should do what

Q91: Six years ago Moline Industries acquired a

Q100: Stock Trader,Inc.began operations in 2012.Stock Trader has