Badger Corporation Purchased a Machine for $150,000 on January 1

Multiple Choice

Badger Corporation purchased a machine for $150,000 on January 1, 2010. Badger will depreciate the machine using the straight-line method using a five-year period with no residual value. As a result of an error in its purchasing records, Badger did not recognize any depreciation for the machine in its 2010 financial statements. Badger discovered the problem during the preparation of its 2011 financial statements. What amount should Badger record for depreciation expense on this machine for 2011?

A) $0
B) $30,000
C) $37,500
D) $60,000