The amount of the average investment for a proposed investment of $149,000 in a fixed asset with a useful life of 4 years, straight-line depreciation, no residual value, and an expected total income of $24,300 for the 4 years is
a.$37,250
b.$6,075
c.$74,500
d.$24,300
Correct option is "c"- 74500
Average investment =[Beginning book value +Ending book value]/2
= [149000 + 0]/2
= 74500
The amount of the average investment for a proposed investment of $149,000 in a fixed asset...
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