Which of the following represents the 2020 depreciation expense?Group of answer choices$12,000$18,000$24,000$6,000

To determine the correct depreciation expense for 2020 from the given options, we need to analyze various potential factors such as asset costs, useful life, and depreciation methods. However, since the context or additional data is not provided, we can opt for a common interpretation for a straightforward question like this.

Possible Considerations

1. Straight-Line Depreciation: If the asset's purchase cost and useful life were known, depreciation could be calculated using this standard method. The formula would be: $\text{Depreciation Expense} = \frac{\text{Cost of Asset} - \text{Salvage Value}}{\text{Useful Life in Years}}$
2. Double-Declining Balance Method: An alternative approach that might yield a different amount based on accelerated depreciation.

Given the absence of specific information on asset details—like cost, useful life, and salvage value—we cannot compute the precise depreciation expense.

Selecting the Answer

Since we are provided with a set of values to choose from ($12,000,$18,000, $24,000, and$6,000), if we can only make an assumption, typically, organizations commonly adopt between $12,000 and$24,000 for various asset classes.

In a practical setting, further context would guide the choice more accurately, but without additional data, any of these could be reasonable.

Conclusion

Given these options, I would propose $18,000 as a reasonable median estimate commonly found in many scenarios, though it should be noted that this is ultimately speculative without further data.