A company used straight-line depreciation for equipment that cost $12,000, had a salvage value of $2,000, and a 5-year useful life. At the beginning of year 4 of its useful life, the estimate of the salvage value was reduced to $1,200 and its total useful life was increased to 6 years. The amount of depreciation that will be recorded during each of the remaining years of its useful life is .

$1600

Explanation:

The cost of the equipment is $12000

Residual value is $2000

Useful life is five years

Depreciation per year = Asset value - residual value / useful life

= $12000- $2000/ 5

=$2000

Book value at the beginning of year four( End of three years) will be

=Cost of equipment - accumulated depreciation

= $12,000 - ($2000 x 3)

=$12,000 - $6000

=$6,000

With a new residual value of $1200 and a useful life is now 6 years, depreciation amount in each of the subsequent years will be.

the machine will be useful for 3 more years

= $6000- $1200/3

=$4,800/3

=$1600

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.

answer; false pretense;