On october 1, 2016, dew company places a new asset into service. the cost of the asset is $80,000 with an estimated eight-year l
ife and $8,000 salvage value at the end of its useful life. what is the depreciation expense for 2017 if dew company uses the straight-line method of depreciation? a.$375
b.$9,000
c.$10,000
d.$2,250
<span>The annual depreciation expense is $9,000, calculated as follows Cost of the asset is $80,000 less $8,000 salvage value which reduces the cost to $72,000. Useful life is 8 years. To determine annual depreciation expense using straight-line method, divide asset cost of $72,000 by 8 years of useful life equals $9,000 per year.</span>
1 kilogram (kg) equals to 1000 grams (g). Since you have 6.42 kilograms, divide 6.42 kilograms to 1000 grams. Your final answer is 6420 grams in total.
