An asset acquired January 1, 2018, for OMR 20,000 with an estimated 10-year life and no residual value is being depreciated in an equipment group asset account that has an average service life of eight years. Using the sum-of-the-years'-digits method, depreciation for 2019 would be:   Select one: A. 10,667 B. 12,000 C. 13,333 D. 9,333

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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An asset acquired January 1, 2018, for OMR 20,000 with an estimated 10-year life and no residual value is being depreciated in an equipment group asset account that has an average service life of eight years. Using the sum-of-the-years'-digits method, depreciation for 2019 would be:


 

Select one:
A. 10,667
B. 12,000
C. 13,333
D. 9,333
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