Multiple Choice
On January 1, a machine with a useful life of four years and a salvage value of $16,000 was purchased for $80,000.What is the depreciation expense for year 2 under straight-line depreciation?
A) $20,000
B) $32,000
C) $16,000
D) $40,000
Correct Answer:
Verified
Correct Answer:
Verified
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