6. A company used straight-line depreciation for an item of equipment that cost $12.000, and had a five-year useful life. After depreciating the asset for three complete years, the salvage value had a salvage value of Determine the amount its useful life: was reduced to $1,200 and its total useful life was increased from five years to six years. of depreciation to be charged against the machine during each of the A. $1,000 B. $1,800 C. $1,467 D. $1,600 E. $2,160 7. Many companies use accelerated depreciation in computing taxable income because A. It is required by the tax rules. B. It is required by financial reporting rules. C. It postpones tax payments until later years and the company income before payment is due. D. Using it causes a company to use higher income in the early years of the asset's useful life. E. The results are identical to straight-line depreciation. can use the resources now to earn additional 8. The total cost of an asset less its accumulated depreciation is alled: A. Historical cost B. Book value C. Present value D. Current (market) value E. Replacement cost 9. A company purchased a POS cash register on January 1 for $5,400. This register and a salvage value of $400. What would the double-declining-balance method? A. $500 B. $800 C. $864 D. $1,000 E. $1,080 has a useful life of 10 years be the depreciation expense for the second-year of its useful life using a POS cash register on January 1 for $5,400. This register has a useful life of 10 10. Ampaae value of $400. What would be the depreciation expense for the second-year of its useful lif using the double-declining-balance method? A. $500 B. $800 C. $864 E. $1,080