Multiple Choice
Ryan Company purchased a machine on July 1, 2011. The machine cost $250,000 and has a salvage value of $10,000 and a useful life of eight years. The adjusting entry for the year ending December 31, 2012, would include a debit to Depreciation Expense of
A) $30,000.
B) $15,000.
C) $31,250.
D) $15,625.
Correct Answer:
Verified
Correct Answer:
Verified
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