Multiple Choice
A company purchased equipment for $65,000 with a salvage value of $5,000 on April 1,Year 1.It has an estimated useful life of 5 years.Using the straight-line method,how much depreciation expense should the company recognize on December 31,Year 1?
A) $12,000.
B) $9,000.
C) $1,000.
D) $3,000.
E) $13,000.
Correct Answer:
Verified
Correct Answer:
Verified
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