Question: Testbank Multiple Choice Question 75 A plant asset has a cost of $44000and a salvage value of $9500. The asset has a three-year life. If

Testbank Multiple Choice Question 75

A plant asset has a cost of $44000and a salvage value of $9500. The asset has a three-year life. If depreciation in the third year amounted to $5750, which depreciation method was used?

Declining-balance

Sum-of-the-years'-digits

Cannot tell from information given

Straight-line

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