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QUESTION 5 Marta Inc. purchased equipment on March 1, 2018 with a cost of S300,000 has an estimated salvage value of $75,000 and an estimated
QUESTION 5 Marta Inc. purchased equipment on March 1, 2018 with a cost of S300,000 has an estimated salvage value of $75,000 and an estimated life of 15 years. It is to be depreciated by the straight-line method. What is the amount of depreciation for the second full year? $11,250 $12,500 $18,750 $75,000 $15,000 QUESTION 6 The ending balance in the Accumulated Depreciation account represents the: The number of employees that have quit because they were mad. amount to be deducted from the cost of the plant asset to arrive at fair market value. amount reported as depreciation expense since the acquisition of the plant asset cash fund to be used to replace plant assets. amount reported as depreciation expense in the current periood
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