Multiple Choice
Equipment with a cost of $160,000, an estimated residual value of $10,000, and an estimated life of 4 years, was purchased on April 1, 2015.If the straight-line method is used, the depreciation expense for calendar 2015 is
A) $40,000.
B) $37,500.
C) $30,000.
D) $28,125.
Correct Answer:
Verified
Correct Answer:
Verified
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