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Pearson Company Bought a Machine on January 1, 2022

Question 216

Multiple Choice

Pearson Company bought a machine on January 1, 2022.The machine cost $180,000 and had an expected salvage value of $30,000.The life of the machine was estimated to be 5 years.The depreciation expense using the straight-line method of depreciation is


A) $50,000.
B) $36,000.
C) $30,000.
D) none of these answer choices are correct.

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