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Allushta [10]
3 years ago
8

Peavey enterprises purchased a depreciable asset for $28,500 on april 1, year 1. the asset will be depreciated using the straigh

t-line method over its four-year useful life. assuming the asset's salvage value is $3,300, what will be the amount of accumulated depreciation on this asset on december 31, year 3? $6,300 $25,200 $5,250 $21,000 $17,325
Business
1 answer:
ddd [48]3 years ago
4 0
<span>Answer is $17,325. Since the salvage value of the asset after its four years of useful life is $3,300 while its current purchase value is $28,500; we need to depreciate the difference over 4 years. That us $25,200 to be depreciated over 4 years using a straight line method. At December 31 of year 3, the asset will be 2.75 years old(2 years, 9 months). Hence the accumulated depreciation is $25,500*(2.75/4). This is $17,325.</span>
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The correct answer is a. has no incentive to hold costs down.

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$0

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Explanation:

3 0
3 years ago
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Answer:

both the government control and the private sector exist

Explanation:

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8 0
3 years ago
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