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Double Nickels Company Purchased Equipment for $9,000 on January 1

Question 38

Multiple Choice

Double Nickels Company purchased equipment for $9,000 on January 1, 2015. The company expects to use the equipment for 3 years. It has no salvage value. Monthly depreciation expense on the asset is


A) $0.
B) $250.
C) $3,000.
D) $9,000.

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