A small pump costs $16,000 and has a life of 8 years and a $2,000 SV at that time. If the 200% DB method is used to depreciate the pump, what is the BV at the end ofyear four?Choose the correct answer below.A. The BV at the end of year four is $1,602.B. The BV at the end of year four is $5,695.C. The BV at the end of year four is $5,063.D. The BV at the end of year four is $1,000.

The depreciation expense is charged on fixed assets as reduction in the value of fixed assets with…

A small pump costs $16,000 and has a life of 8 years and a $2,000 SV at that time. If the 200% DB method is used to depreciate the pump, what is the BV at the end of year four? Choose the correct answer below. O A. The BV at the end of year four is $1,602. O B. The BV at the end of year four is $5,695. O C. The BV at the end of year four is $5,063. O D. The BV at the end of year four is $1,000.

A small pump costs $16,000 and has a life of 8 years and a $2,000 SV at that time. If the 200% DB method is used to depreciate the pump, what is the BV at the end of year four? Choose the correct answer below. O A. The BV at the end of year four is $1,602. O B. The BV at the end of year four is $5,695. O C. The BV at the end of year four is $5,063. O D. The BV at the end of year four is $1,000.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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