Multiple Choice
A computer equipment was acquired at the beginning of the year at a cost of $56,000 with an estimated residual value of $5,000, and an estimated useful life of 5 years.Determine the second year's depreciation expense using the straight-line method.
A) $10,200
B) $22,400
C) $11,200
D) $12,200
Correct Answer:
Verified
Correct Answer:
Verified
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