Wilbur Company purchased $10,000 of equipment on January 20, 2014. Wilbur uses the straight-line method to depreciate the equipment. The equipment has a 5-year useful life with no salvage value. Which of the following statements is correct?
A. Wilbur will record a cash inflow from operating activities of $2,000 in its 2015 financial statements.
B. Wilbur will record a cash outflow from operating activities of $2,000 in its 2015 financial statements.
C. Wilbur will record a cash outflow from investing activities of $2,000 in its 2015 financial statements.
D. Wilbur will record no cash flows related to this asset on its 2015 statement of cash flows.
D
Business
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The actual number of years a person has been alive is their ________ age
A) perceived B) chronological C) confirmed D) cohort
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