Multiple Choice
A piece of equipment was recently purchased for $10,600 on April 1.It is estimated that it will last for 10 years and have a residual value of $600.The depreciation expense to be recognized in the year of acquisition,assuming a December year end,would be
A) $1,000.00.
B) $750.00.
C) $662.50.
D) $833.33.
Correct Answer:
Verified
Correct Answer:
Verified
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