A fixed asset has a cost of $12,000 and a salvage value of $3,000. The asset has a three-year life. If depreciation in the third year amounted to $1,500, which depreciation method was used?

a) Straight-line.

b) Double-declining-balance.

c) Units of production.

d) Sum-of-the-years'-digits.

Are there any differences between inside and outside basis : Drew and Emma formed the equal D&E Partnership on January 1 of the current year. Drew contributed $50,000 of cash and land with a fair market value of $100,000 and an adjusted basis of $80,000. Emma contributed equipment with a fair market value o.. |

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Problem related to depreciation method : A fixed asset has a cost of $12,000 and a salvage value of $3,000. The asset has a three-year life. If depreciation in the third year amounted to $1,500, which depreciation method was used? |

Should any overhead costs be added to job q at the end : Should any overhead costs be added to Job Q at the end of the year? |

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