题目内容

When a plant asset is fully depreciated:

A.the asset's accumulated depreciation is higher than the historical cost of the asset.
B.the book value is equal to the salvage value.
C.the depreciable cost is equal to the salvage value, and the asset is of no further use to the company.
D.the book value is zero, and the asset has no market value.

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On January 2, 2015, Konrad Corporation acquired equipment for $300,000. The estimated life of the equipment is 5 years or 40,000 hours. The estimated residual value is $20,000. If Konrad Corporation uses the units of production method of depreciation, what will be the debit to Depreciation Expense for the year ended December 31, 2016, assuming that during this period, the asset was used 9,000 hours?

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