TB MC Qu. 11-89 (Algo) A company reported the... A company reported the following in its December 31, 2024, balance sheet: Equipment Less: Accumulated depreciation-equipment A disclosure note indicates that the company uses straight-line depreciation over 12 years and estimates salvage value at 6% of cost. What is the average age of the equipment? Multiple Choice O O O O 9 years 8.1 years 3 years $ 240,000 $ 56,400 3.9 years

A company reported the following in its December 31,2024 , balance sheet: A disclosure note indicates that the company uses straight-line depreciation over 12 years and estimates salvage value at \6 of cost. What is the average age of the equipment? Multiple Choice 9 years 8.1 years 3 years 3.9 years