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Find the annual straight-line rate of depreciation for the estimated life
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# Question : Find the annual straight-line rate of depreciation for the estimated life : 2139077

MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question.

Find the annual straight-line rate of depreciation for the estimated life.

1) 6 years

A) 16.7%

B) 6%

C) 8.3%

D) 1.7%

2) 30 years

A) 3.3%

B) 0.3%

C) 30%

D) 1.7%

Find the annual amount of depreciation using the straight-line method. Round to the nearest dollar.

3)

 Cost: \$37,000 Estimated life: 25 years Estimated scrap value: None

A) \$ 9,250

B) \$500

C) \$ 3,700

D) \$ 1,480

4)

 Cost: \$460 Estimated life: 8 years Estimated scrap value: \$92

A) \$ 12

B) \$ 92

C) \$ 46

D) \$ 58

5)

 Cost: \$4,100 Estimated life: 6 years Estimated scrap value: \$600

A) \$ 683

B) \$ 100

C) \$ 600

D) \$ 583

Find the book value after the given number of years, using the straight-line method. Round your answer to the nearest dollar.

6) Find the book value at the end of the first year.

 Cost: \$ 4,500 Estimated life: 6 years Estimated scrap value: \$ 300

A) \$ 3,100

B) \$ 3,750

C) \$ 700

D) \$ 3,800

7) Find the book value at the end of 5 years.

 Cost: \$ 3,300 Estimated life: 9 years Estimated scrap value: \$ 363

A) \$ 1,632

B) \$ 1,668

C) \$ 1,467

D) \$ 2,974

8) Find the book value at the end of 10 years.

 Cost: \$ 67,500 Estimated life: 12 years Estimated scrap value: \$ 4,050

A) \$ 62,213

B) \$ 52,875

C) \$ 11,250

D) \$ 14,625

9) Find the book value at the end of 5 years.

 Cost: \$ 77,500 Estimated life: 50 years Estimated scrap value: \$ 4,650

A) \$ 76,043

B) \$ 70,215

C) \$ 7,285

D) \$ 69,750

10) Find the book value at the end of 4 years.

 Cost: \$ 39,000 Estimated life: 9 years Estimated scrap value: \$ 5,100

A) \$ 15,067

B) \$ 31,467

C) \$ 21,667

D) \$ 23,933

## Solution 5 (1 Ratings )

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