Multiple Choice
Ron's Quik Shop bought machinery for $75,000 on January 1, 2017. Ron estimated the useful life to be 5 years with no salvage value, and the straight-line method of depreciation will be used. On January 1, 2018, Ron decides that the business will use the machinery for a total of 6 years. What is the revised depreciation expense for 2018?
A) $12,000
B) $ 6,000
C) $10,000 d $15,000
Correct Answer:
Verified
Correct Answer:
Verified
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