1358. ABC Corporation makes it a policy that for any new equipment purchased, the annual depreciation cost should not exceed 20% of the first cost at any time with no salvage value. Determine the length of service life necessary if the depreciation used is the SYD method ?

A. 7 eyars
B. 8 years
C. 9 years
D. 10 years
✅ The correct answer is option C.

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top