Question
On January 1, 2014, Ziskin Company spent $3,000 on an asset (equipment) to improve its quality. The asset had been purchased on January 1, 2009
On January 1, 2014, Ziskin Company spent $3,000 on an asset (equipment) to improve its quality. The asset had been purchased on January 1, 2009 for $14,000. The asset had a $2,000 salvage value and a 6-year life. Ziskin uses straight-line depreciation. What would be the amount of depreciation expense for 2014? Show your work.
A. $4,500 B. $3,000 C. $6,000 D. $7,200
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Microeconomics Theory And Applications
Authors: Edgar K. Browning, Mark A. Zupan
10th Edition
0470128917, 9780470128916
