Bruce has a rope that is 21 feet long he needs to cut the rope into 1/5 long pieces.
The length of the rope = 21 feet
the length of each strip =
We need to cut the rope 21 feet into strips
To find the number of strips we divide 21 feet by the length of the strip
=
= 105
105 strips can Bruce cut from his rope.
Answer:
option (a) $6,240
Step-by-step explanation:
Given:
Purchasing cost of the equipment = $82,000
Estimated life = 5 years
Salvage value = $4,000
Revised expected life = 8 years
Now,
Depreciation per year =
therefore,
The accumulated Depreciation at the beginning of year 4
= Annual depreciation × years passed
= 15,600 × 3
= $46,800
Thus,
The book value at the beginning of year 4
= Purchasing cost - Depreciation
= $82,000 - $46,800
= $35,200
Now,
The remaining life = Revised estimated life - Years passed
= 8 - 3
= 5 years
therefore,
Depreciation expense =
=
= $6,240
Hence,
The correct answer is option (a) $6,240