Consider an asset for which the following information is available: Carrying value at Dec 31, 2020 before depreciation 59,000
Calculated depreciation for2020................................$2,400
Original cost...............................................................$24,000
Reridual value............................................................$8,500
Remaining useful life..................................................3 years The depreciation expense for 2020 is
A) $3,100.
B) $3,000.
C) $2,400.
D) $500.

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The Answer of Consider an asset for which the following information is available: Carrying value at Dec 31, 2020 before depreciation 59,000
Calculated depreciation for2020................................$2,400
Original cost...............................................................$24,000
Reridual value............................................................$8,500
Remaining useful life..................................................3 years The depreciation expense for 2020 is
A) $3,100.
B) $3,000.
C) $2,400.
D) $500.

Consider an Asset for Which the Following Information Is Available