asked 80.0k views
1 vote
Martin Company paid $900,000 for equipment. Martin uses straight-line depreciation. Currently the Accumulated Depreciation account shows a balance of $180,000. If the asset has no residual value and an estimated life of 10 years, how many years has the asset been depreciated? (Round your final answer to the nearest year.)

asked
User Iullianr
by
8.3k points

1 Answer

6 votes

Answer:

2 years

Step-by-step explanation:

900,000/10=90,000

180,000/90,000=2

answered
User Radnan
by
8.2k points
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