Multiple Choice
A company purchased factory equipment on June 1, 2010, for $48,000. It is estimated that the equipment will have a $3,000 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, 2010, is
A) $4,500.
B) $2,625.
C) $2,250.
D) $1,875.
Correct Answer:

Verified
Correct Answer:
Verified
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