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MMLU-Pro / 718 / Jacob and Sons Plumbing bought a forklift for …

Problem

Answer published by the source. Consult the official source to check your work against its answer.

question

Jacob and Sons Plumbing bought a forklift for 10,000.Theforkliftisexpectedtolast5years,andtohavearesidualvalueof10,000. The forklift is expected to last 5 years, and to have a residual value of 3,000. Jacob wishes to use the straight line depreciation method, while his sons wish to use the sum-of-the-years'-digits method. What will the difference in the depreciation allowances be for the third year?
Plain-text mathematical notation (without MathML)
Jacob and Sons Plumbing bought a forklift for 10,000.Theforkliftisexpectedtolast5years,andtohavearesidualvalueof3,000. Jacob wishes to use the straight line depreciation method, while his sons wish to use the sum-of-the-years'-digits method. What will the difference in the depreciation allowances be for the third year?
Original LaTeX notation
Jacob and Sons Plumbing bought a forklift for $10,000. The forklift is expected to last 5 years, and to have a residual value of $3,000. Jacob wishes to use the straight line depreciation method, while his sons wish to use the sum-of-the-years'-digits method. What will the difference in the depreciation allowances be for the third year?

category

business

options

  1. $600
  2. zero
  3. $500
  4. $150
  5. $400
  6. $200
  7. $250
  8. $300
  9. $350
  10. $100

src

stemez-Business

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Source and history

upstream_id / Original problem ID
718
task_id
77a6955e-92bd-517d-8188-041f800bc4a0
task_key
default--test--718
task_revision_id
1
config / split
default / test

Official source

initial import