Question: Information for Everett Evacuators for 2015 and 2014 is presented below. Everett uses the straight-line depreciation method. 2015 2014 Non-current assets $250 000 $190 000

Information for Everett Evacuators for 2015 and 2014 is presented below. Everett uses the straight-line depreciation method.

2015

2014

Non-current assets

$250 000

$190 000

Accumulated depreciation

100 000

85 000

Depreciation expense

62 500

47 500

Total revenues

1 000 000

900 000

Total assets

625 000

475 000

Using the data for 2015, determine the average useful life of Everett's non-current assets rounded to one decimal place.

1.6 years

4.0 years

2.5 years

4.7 years

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