Question
26. Take3 Interactive depreciated a $12,000 asset over five years, using the straight-line method with no salvage value. At the beginning of the fifth year,
26. Take3 Interactive depreciated a $12,000 asset over five years, using the straight-line method with no salvage value. At the beginning of the fifth year, it observed that the asset will last another four years. What amount should Take3 report as depreciation expense for year 5?
| A. | $600. | |
| B. | $900. | |
| C. | $1,500. | |
| D. | None of the above. |
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Frank Woods Business Accounting Volume 2
Authors: Frank Wood, Alan Sangster
14th Edition
1292209178, 9781292209173
