Refer to the information above. Assume that in its financial statements, Victor uses straight-line depreciation and the half-year convention. Depreciation recognized on this equipment in 2014 and 2015 will be:
A. $40,000 in 2014 and $30,000 in 2015.
B. $23,333 in 2014 and $30,000 in 2015.
C. $17,500 in 2014 and $35,000 in 2015.
D. $20,000 in 2014 and $35,000 in 2015.
C
160,000 - $20,000)/4 = $35,000/2 = $17,500 for 2014 and $35,000 for 2015
Business
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