https edugen.wileyplus.com/edugen/lti/main.uni-wileypus eyPlus Exam 3 Kimmel, Ac

Question

https edugen.wileyplus.com/edugen/lti/main.uni-wileypus eyPlus Exam 3 Kimmel, Accounting, 6e HelpI CALCULATOR PRENTER VERSION BACK NEXT Multiple Choice Question 108 of 4 years and a salvege value of $18000 was purchased for $82000. what is the depreclation espense for year 2 undcer straight expense for year 2 under straight- line depreciation? $41000. O $20500. O $32000. O $16000. Click if you would like to Show Work for this question: Open Show Work Question Attempts: 0 of 1 used/sAVE FOR LATER

Explanation / Answer

Depreciation expense = (Cost of the machine - Salvage value) / Useful life of years

= ($82,000 - $18,000) / 4

= $64,0000 / 4

= $16,000

Depreciation expense would be same for all the years under straight line depreciation. Therefore, depreciation expense for Year 2 under straight line depreciation is $16,000.

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