The following information is available for Paragon as of November 30, 20X5.

Question

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.

WILSON DEPALAC · Answer

The answer is b.9 years

formula:/20 years =1,500

A/D =13,500/1500=9 YEARS.

FITAH MOHAMED · Answer

Arslan Ali Khan ali · Answer

C)9 years. one year depreciation for building is/20years =1500 per year total depreciation is13500. so13500/1500=9 years

Salah Othman Yousef Alshambaati · Answer

C.9.0 years.<<<<<<<<<<<<<<<<<

Muhammad Ramzan Tufail ACCA · Answer

(D) is the Correct Ans.

Thank you...