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Using the Information Below Calculate the Average Total Depreciable Life  Information from the Balance Sheet: \text { Information from the Balance Sheet: }

Question 12

Multiple Choice

Using the information below calculate the average total depreciable life of the assets:  Information from the Balance Sheet: \text { Information from the Balance Sheet: }

20122011 Depreciable Assets $475,000$385,000 Accumulated Depreciation (150,000) (95,000)  Depreciable Assets(Net)  $325,000$290,000\begin{array}{llll}&2012&2011\\\text { Depreciable Assets } & \$ 475,000 & \$ 385,000 \\\text { Accumulated Depreciation } &\underline{(150,000) }&\underline{(95,000) }\\ \text { Depreciable Assets(Net) } & \$325,000& \$ 290,000\end{array} From the Income Statement 2012 Depreciation Expense $47,000\begin{array}{llcc} \text {From the Income Statement } &2012 \\ \text { Depreciation Expense } &\$47,000\\\end{array}


A) 6.54 years
B) 10.10 years
C) 6.91 years
D) 9.15 years

Correct Answer:

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