Question
12/31/2014 12/31/2015 Fixed assets (Gross) $48,000 $48,000 Accumulated depreciation $24,000 $30,000 The average remaining life and the average age of the companys fixed assets at
| 12/31/2014 |
| 12/31/2015 |
Fixed assets (Gross) | $48,000 | $48,000 | |
Accumulated depreciation | $24,000 |
| $30,000 |
The average remaining life and the average age of the companys fixed assets at the end of 2015 are closest to:
Select one:
a. Average remaining years = 5 years, and Average age = 8 years.
b. Average remaining years = 2 years, and Average age = 5 years.
c. None of other choices.
d. Average remaining years = 3 years, and Average age = 5 years.
e. Average remaining years = 3 years, and Average age = 8 years.
f. Average remaining years = 4 years, and Average age = 12 years.
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