Land improvements were put into service on January 1st. The cost was $80,000, and the estimated salvage value was $20,000. The current year's depreciation expense was $5,000 calculated on the straight-line basis and the balance in the Accumulated Depreciation account at the end of this year was $25,000. The remaining useful life of these land improvements is years.

7

Explanation:

Depreciation expense using the straight line depreciation method = (Cost of asset - Salvage value) / useful life

Useful life isn't given

Cost of asset = $80,0000

Salvage value = $20,000

Depreciation expense = $5,000

$5,000 = ($80,000 - $20,000) / x

$5,000 = $60,000 / x

X = 12

The useful life is 12 years

If accumulated depreciation is $25,000, the number of years so far would be $25,000 / $5,000 = 5 years

Remaining year = 12 - 5 = 7 years

I hope my answer helps you

c

explanation:

c because the item on a bank statement is also referred to as an account statement. in addition, it provides the beginning balance, ending balance, statement date, transaction date for each transaction, payee, customer name and address, statement period, the account holder's account number, and the bank's customer service number

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