Multiple Choice
A company purchased factory equipment on June 1, 2014, for ¥2,000,000. It is estimated that the equipment will have a ¥125,000 residual value at the end of its 10-year useful life. Using the straight-line method of depreciation, the amount to be recorded as depreciation expense at December 31, 2014, is
A) ¥187,500.
B) ¥109,375.
C) ¥93,750.
D) ¥78,125.
Correct Answer:
Verified
Correct Answer:
Verified
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