Multiple Choice
Use the following information for questions below
On July 1,2019,Bronson Co.purchased some equipment that initially cost $52,800.Additional costs included freight costs $300,non-refundable taxes $6,400,and installation $500.Estimated residual value is $2,000.The company uses a straight-line rate of 10%.Bronson's fiscal year end is June 30.
-Depreciation expense for the 2020 fiscal year end is
A) $6,130.
B) $5,900.
C) $5,800.
D) $5,930.
Correct Answer:

Verified
Correct Answer:
Verified
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