Multiple Choice
An asset has a purchase cost £100,000, incurred installation costs of £10,000, and has an estimated salvage value of zero, is being depreciated over a 5- year period on a straight- line basis. What is the depreciation expense in year 1?
A) £12,750
B) £11,250
C) £15,000
D) £22,000
Correct Answer:
Verified
Correct Answer:
Verified
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