Full group discussion is an effective brainstorming technique when the parties are concerned about sharing their ideas openly

Equipment with a cost of $192,000 has an estimated salvage value of $18,000 and an estimated life of 4 years or 12,000 hours. It is to be depreciated by the straight-line method. What is the amount of depreciation for the first full year, during which the equipment was used 3,300 hours?

a. $48,000 b. $52,500 c. $49,500 d. $43,500

An estate from period to period, or periodic estate tenancy, does not have specific expiration date.

a. true b. false