timber co bought a machine that cost $ 110,000 on January 1, 2016. The machine had...
timber co bought a machine that cost $ 110,000 on January 1,
2016. The machine had a lifespan of six years and $ 8,000. timber
co uses linear depreciation on its machines.
What is a depreciated amortization at the end of 2018 and what are
the accumulated amortization at the same time?
Group of answer choices
17,000 depreciated amortization and 51,000 revocation amortization.
17,000 depreciated amortization and 68,000 amortization depreciation.
68,000 depreciated amortization and 17,000 repayment amortization.
17,000 depreciated amortization and 17,000 revocation amortization.
Homework Answers
Depreciated amortization
= (110,000-8,000)/6 = 17,000
Accumulated amortization = 17,000 * 3 years
= 51,000
Option A is the answer
Comment if you face any issues
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