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Leto [7]
3 years ago
12

On October 1, 2017, Wildhorse Co. places a new asset into service. The cost of the asset is $92000 with an estimated 5-year life

and $20000 salvage value at the end of its useful life. What is the depreciation expense for 2017 if Wildhorse Co. uses the straight-line method of depreciation? $9200. $3600. $4600. $18400.
Mathematics
1 answer:
WARRIOR [948]3 years ago
8 0
.....................
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Answer:

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Step-by-step explanation:

The formula for Direct Variation is y=kx or k=y/x. In this case I would use k=y/x. If you're y is 8 and x is 3, this means that K=8/3. Using this, we know that X=15. We have to find a Y value so that the fraction with an x of 15 simplified is 8/3. To do this you would write 8/3 and y/15. Now cross multiply to get 3y=120. Divide by 3 to get y=40. View my attachment for the work!

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