In anticipation of chester corporation’s new product chele, the company purchased new plant and equipment for $24,400,000. the plant and equipment is expected to be used for 15 years, and has a planned salvage value of $0. assuming straight-line depreciation, how much will chele expense in depreciation next year?

Chele expense in depreciation next year will be $1,626,666.67

Explanation:

Chester Corporation uses the straight-line method of depreciation, Depreciation Expense each year is calculated by following formula:  

Annual Depreciation Expense = (Cost of the asset − Salvage Value )/Useful Life  

The asset (plant and equipment) have cost of $24,400,000 and salvage value of $0

The plant and equipment is expected to be used for 15 years.

Annual Depreciation Expense = ($24,400,000 - $0)/15 = $1,626,666.67

Chele expense in depreciation next year will be $1,626,666.67

the correct answer option is b. a single paragraph.

explanation:

when you are thinking about paragraph​ topics, you should always choose a subject that can be adequately addressed in a single paragraph.

a paragraph is a piece of writing consisting of a few sentences that deal with a single theme. it has only a single idea that the paragraph revolves around and talks about.

so a paragraph topic must be chosen wisely where a single idea can be communicated in a single paragraph.

the first one $24,630