Multiple Choice
On January 1, 2009, Kalos Co. purchased a new machine for $2,500,000. The new machine has an estimated useful life of five years and the salvage value was estimated to be $250,000. Kalos uses the sum-of-the-years'-digits method of depreciation. The amount of depreciation expense for 2011 is
A) $450,000.
B) $600,000.
C) $666,667.
D) $750,000.
Correct Answer:
Verified
Correct Answer:
Verified
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