Total depreciation expense over an asset's useful life will be identical under all methods of
1 answer:
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Answer
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Explanation
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Answer:
Option (C) is correct.
Explanation:
Given that,
Amount invested today = $2,000
Interest paid annually(r) = 5%
Time period(n) = 3 years
= $2,315.25
Therefore,
Total amount earn:
= Future value - Present value
= $2,315.25 - $2,000
= $315.25