Multiple Choice
A company purchased factory equipment on June 1, 2014, for $96,000. It is estimated that the equipment will have a $6,000 salvage value at the end of its 10-year useful life. Using the straight-line method of depreciation, the amount to be recorded as depreciation expense at December 31, 2014, is
A) $9,000.
B) $5,250.
C) $4,500.
D) $3,750.
Correct Answer:
Verified
Correct Answer:
Verified
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