Jennings Advertising, Inc. reported the following in its December 31, 2021, balance sheet: Equipment $ 700,000 Less: Accumulated depreciation—equipment $ 276,000 In a disclosure note, Jennings indicates that it uses straight-line depreciation over 14 years and estimates salvage value at 8% of cost. What is the average age of the equipment owned by Jennings?
Group of answer choices
a.5 years.
b.9 years.
c.6 years
d.9.9 years.
