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Property, plant and equipment
Land $27,500
Building $36,000
Accumulated depreciation (13,500)
Paragon's building is being depreciated using the straight-line method. The building has a20-year
estimated useful life and an estimated salvage value of $6,000. The number of years the building has
been depreciated by Paragon as of November30,20X5 is
A.15.0 years.
B.12.5 years.
C.9.0 years.
D.7.5 years.
The answer is b.9 years
formula:/20 years =1,500
A/D =13,500/1500=9 YEARS.
C)9 years. one year depreciation for building is/20years =1500 per year total depreciation is13500. so13500/1500=9 years
C.9.0 years.<<<<<<<<<<<<<<<<<
(D) is the Correct Ans.
Thank you...