Multiple Choice
On July 1, 2022, a machine with a useful life of five years and a residual value of $4,000 was purchased for $20,000.Under straight-line depreciation, what is the depreciation expense for calendar 2023?
A) $4,000
B) $3,556
C) $3,200
D) $1,600
Correct Answer:
Verified
Correct Answer:
Verified
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