Multiple Choice
Robert purchased a truck for $50,000 with a residual value of $20,000 and a life expectancy of 5 years;using straight-line depreciation,the amount of the depreciation adjustment for the first year would be:
A) $5,000.
B) $6,000.
C) $6,400.
D) $4,000.
Correct Answer:
Verified
Correct Answer:
Verified
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