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D Question 12 0.59 pts Which of the following describes assets found under the Plant Asset category? Intangible used in the operations of a business

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D Question 12 0.59 pts Which of the following describes assets found under the Plant Asset category? Intangible used in the operations of a business held for sale in the ordinary course of the business not currently used in the business but held for future use Question 13 0.59 pts A machine originally had an estimated useful life of 5 years, but after 3 complete years, it was decided that the original estimate of useful life should have been 10 years. At that point the remaining cost to be depreciated should be allocated over the remaining: 2 years 5 years 7 years O 8 years 10 years Question 14 0.59 pts Cardco Inc. has an annual accounting period which ends on December 31. During the current year a depreciable asset which cost $42,000 was purchased on September 2. The asset has a $4,000 estimated salvage value. The company uses straight-line depreciation and expects the asset to have a 5 year life. What is the total depreciation expense for the current year? $1,900.00 O $7,600.00 $2,533.33 S2,800.00 $3.166.67 Question 15 0.59 pts A company purchased a POS cash register on January 1 for $5,400. This register has a useful life of 10 ycars and a salvage value of $400. What would be the depreciation expense for the second-year of its useful life using the double-declining-balance method? 500 O S800 S864 OVO

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