The depreciation deduction for year 11 of an asset with a 20 -year useful life is ($
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The depreciation deduction for year 11 of an asset with a 20 -year useful life is \(\$ 4,000\). If the asset's salvage value was estimated to be zero and straight-line depreciation was used to calculate the depreciation deduction for year 11, what was the asset's initial cost?
a. \(\$ 42,105\)
b. \(\$ 67,682\)
c. \(\$ 72,682\)
d. \(\$ 80,000\)
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Related Book For
Principles Of Engineering Economic Analysis
ISBN: 9781118163832
6th Edition
Authors: John A. White, Kenneth E. Case, David B. Pratt
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