Multiple Choice
A company purchased factory equipment on April 1 2017 for $160000. It is estimated that the equipment will have a $20000 salvage 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 2017 is
A) $16000.
B) $14000.
C) $10500.
D) $12000.
Correct Answer:
Verified
Correct Answer:
Verified
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