Multiple Choice
A company buys equipment for $48,000 and expects to use it for ten years and then sell it for $6,000.Using the straight-line method,the company should report depreciation for the equipment of:
A) $4,200 per year.
B) $8,400 per year.
C) $4,800 per year.
D) $9,600 per year.
Correct Answer:
Verified
Correct Answer:
Verified
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