Multiple Choice
Oakland Company owns a fixed asset with an original cost of $100,000.Piston Company estimates it will use the asset for 5 years, at which time the asset can be sold for $10,000.The annual depreciation expense is_____.
A) $20,000
B) $10,000
C) $18,000
D) $-0-
Correct Answer:
Verified
Correct Answer:
Verified
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