Multiple Choice
On January 1, a machine with a useful life of five years and a salvage value of $25,000 was purchased for $125,000.What is the depreciation expense for year 2 under straight-line depreciation?
A) $15,000
B) $75,000
C) $20,000
D) $60,000
Correct Answer:
Verified
Correct Answer:
Verified
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