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On June 30,2016,Colora Printers Purchased a Printer for $59,000

Question 57

Multiple Choice

On June 30,2016,Colora Printers purchased a printer for $59,000.It expects the printer to last for four years and have a residual value of $8,000.Compute the depreciation expense on the printer for the year ended December 31,2016,using the straight-line method.(Round any intermediate calculations to two decimal places,and your final answer to the nearest dollar. )


A) $12,750
B) $6,375
C) $14,750
D) $7,438

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