question 11\nwhich situations involve depreciation? choose more than one answer.\nselect multiple answers\na…

question 11\nwhich situations involve depreciation? choose more than one answer.\nselect multiple answers\na erica paid $325 000 for a condominium. ten years later, she sold it for $550 000.\nb joanne bought some shares in a company for $12 per share. a year later, joanne sold her shares for $18 per share.\nc arif paid $12 000 for a used car. three years later, he sold it for $7500.\nd a construction company is buying a new backhoe. they plan to use it for as long as possible and then sell it to a salvage dealer.

question 11\nwhich situations involve depreciation? choose more than one answer.\nselect multiple answers\na erica paid $325 000 for a condominium. ten years later, she sold it for $550 000.\nb joanne bought some shares in a company for $12 per share. a year later, joanne sold her shares for $18 per share.\nc arif paid $12 000 for a used car. three years later, he sold it for $7500.\nd a construction company is buying a new backhoe. they plan to use it for as long as possible and then sell it to a salvage dealer.

Answer

Brief Explanations:

Depreciation is the decrease in value of an asset over time. In option C, the car's value decreased from $12000 to $7500 over three years, showing depreciation. For option D, the backhoe will lose value as it is used and will be sold at a lower - value to a salvage dealer in the future, indicating depreciation. Options A and B show an increase in value (appreciation).

Answer:

C. Arif paid $12 000 for a used car. Three years later, he sold it for $7500. D. A construction company is buying a new backhoe. They plan to use it for as long as possible and then sell it to a salvage dealer.