Multiple Choice
On September 1,a company purchased a vehicle for $23,000 with a residual value of $3,000.The estimated useful life is 5 years and the company uses the straight-line method.What is the depreciation expense for the year ended December 31?
A) $1,333
B) $1,000
C) $4,000
D) $1,533
Correct Answer:
Verified
Correct Answer:
Verified
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