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mart [117]
3 years ago
7

Carson Company purchased a depreciable asset for $280,000. The estimated salvage value is $14,000, and the estimated useful life

is 10,000 hours. Carson used the asset for 1,500 hours in the current year. The activity method will be used for depreciation. What is the depreciation expense on this asset?
26,600

39,900

44,100

266,000
Business
1 answer:
sergij07 [2.7K]3 years ago
3 0

Answer:

The correct answer is B.

Explanation:

Giving the following information:

Carson Company purchased a depreciable asset for $280,000. The estimated salvage value is $14,000, and the estimated useful life is 10,000 hours. Carson used the asset for 1,500 hours in the current year. The activity method will be used for depreciation.

Annual depreciation= [(original cost - salvage value)/useful life of production in units]*units produced

Annual depreciation= [(280,000 - 14,000)/10,000]*1,500= $39,900

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