Emir company purchased equipment that cost $110,000 cash on january 1, year 1. the equipment had an expected useful life of six years and an estimated salvage value of $8,000. assuming that emir depreciates its assets under the straight-line method, the amount of depreciation expense appearing on the year 4 income statement and the amount of accumulated depreciation appearing on the december 31, year 4, balance sheet would be:

depreciation expense accumulated depreciation
a. $ 17,000 $ 17,000
b. $ 17,000 $ 68,000
c. $ 68,000 $ 17,000
d. $ 17,000 $ 51,000
multiple choice

option a

option b

option c

option d

The correct answer is B.

Explanation:

Giving the following information:

Emir Company purchased equipment that cost $110,000 cash on January 1, Year 1. The equipment had an expected useful life of six years and an estimated salvage value of $8,000.

Annual depreciation= (original cost - salvage value)/estimated life (years)

Annual depreciation= (110,000 - 8,000)/6= 17,000

Year 4:

Depreciation= 17,000

Accumulated depreciation= 17,000*4= 68,000

hi there, i would say your answer is:

b. there is a fixed quantity of resources and technology available.

hope that : )

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