Multiple Choice
Matt's Engineering purchased a truck for $60,000 with a residual value of $17,000 and a life expectancy of 8 years. Using straight-line depreciation, the amount of the depreciation adjustment for the first year would be
A) $5,375.
B) $7,500.
C) $2,687.
D) $2,125.
Correct Answer:
Verified
Correct Answer:
Verified
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