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

Other questions asked by students

Biology
1.2K views

In eurkaryote transcription, what is an exon and interon, and what is 5 capping and poly...

Medical Sciences
1.2K views

In your own words/understanding describe the correlation between stress and neuroimmunology. Please type the answer.

Biology
1.2K views

Complete the paragraph about kinetic energy Use KE mv Susan and Hannah are each riding...

Basic Math
1.2K views

Which function below represents the inverse function of y 2 ln 3x 2 4 Oy...

Basic Math
1.2K views

A store advertises that during its Labor Day sale, $15 will be deducted from every...

Accounting
1.2K views

The following financial information is for Pharoah Company. PHAROAH COMPANY Balance Sheets December 31 Assets...

Accounting
1.2K views

Brief Exercise 6-35 (Algorithmic) Inventory Costing Methods Tyler Company has the following information related to...

Accounting
1.2K views

a) What is the difference between a companys internal value chain and the industry value...

Finance
1.2K views

You have S560 in an account which pays 4.1% compounded annually. How many additional dollars...

Finance
1.2K views

Mike Mulligan, CEO of Mulligan Excavation Inc, needs to replace Mary Anne, his old steam-driven...

Accounting
1.2K views

Materials are added at the beginning of the production process at Campo Company. The following...

Finance
1.2K views

You are a junior analyst that is tasked with assessing the performance of a portfolio...