Equipment with a Cost of $160,000, an Estimated Residual Value

Multiple Choice

Equipment with a cost of $160,000, an estimated residual value of $10,000, and an estimated life of 4 years, was purchased on April 1, 2022.If the straight-line method is used, the depreciation expense for calendar 2022 is

A) $40,000.
B) $37,500.
C) $30,000.
D) $28,125.