Multiple Choice
Piston Company owns a fixed asset with an original cost of $100,000. Piston Company estimates it will use the asset for 4 years, at which time the asset can be sold for $10,000. The annual depreciation expense is:
A) $- 0-
B) $22,500
C) $25,000
D) $10,000
Correct Answer:
Verified
Correct Answer:
Verified
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