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Answer:
$16,850
Explanation:
The computation of first-year depreciation is shown below:-
Cost minus salvage = $68,400 - $1,000
= $67,400
First-year depreciation = Cost minus salvage ÷ Annual depreciation expense
= $67,400 ÷ 4
= $16,850
Therefore for computing the first year depreciation we simply annual depreciation expense by cost minus salvage.
The reason why many investors are turning to independent advisors instead of large wall street firms is because they are offered more flexibility in investment options.
<h3>Why are people choosing independent advisors?</h3>
Independent advisors do not have to worry about a certain corporate policy or the interest of their shareholders because they have none.
This allows them to offer more investment options to people thereby allowing them the flexibility to pick the investment choices they prefer.
Find out more on independent advisors at brainly.com/question/16033676
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