Multiple Choice
Mitchell Corporation bought equipment on January 1, 2014 .The equipment cost $180,000 and had an expected salvage value of $30,000. The life of the equipment was estimated to be 6 years. The depreciable cost of the equipment is
A) $180,000.
B) $150,000.
C) $30,000.
D) $25,000.
Correct Answer:
Verified
Correct Answer:
Verified
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