Problem related to depreciation method

Reference no: EM13127145

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.

Reference no: EM13127145

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