Multiple Choice
Bob purchased a truck for $53,000 with a residual value of $26,000 and a life expectancy of 5 years; using straight-line depreciation, the amount of the depreciation adjustment for the first year would be:
A) $10,600.
B) $5,400.
C) $5,200.
D) $5,300.
Correct Answer:
Verified
Correct Answer:
Verified
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