Use the following data: $$\begin{array} { l r }
\text { Asset cost } & \$ 80,000 \
\text { Expected life } & 3 \text { years } \
\text { Estimated salvage value } & \$ 10,000
\end{array}$$ ? Using the sum-of-the-year's-digits method, the amount of depreciation for the first year would be
A) $26,666.
B) $35,000.
C) $20,000.
D) $40,000.

Question

Use the following data: $$\begin{array} { l r } 
\text { Asset cost } & \$ 80,000 \
\text { Expected life } & 3 \text { years } \
\text { Estimated salvage value } & \$ 10,000
\end{array}$$ ? Using the sum-of-the-year's-digits method, the amount of depreciation for the first year would be
A) $26,666.
B) $35,000.
C) $20,000.
D) $40,000.

Quizplus · Accepted Answer

The Answer of Use the following data: $$\begin{array} { l r } 
\text { Asset cost } & \$ 80,000 \
\text { Expected life } & 3 \text { years } \
\text { Estimated salvage value } & \$ 10,000
\end{array}$$ ? Using the sum-of-the-year's-digits method, the amount of depreciation for the first year would be
A) $26,666.
B) $35,000.
C) $20,000.
D) $40,000.

Use the Following Data ? Using the Sum-Of-The-Year's-Digits Method, the Amount of Depreciation for