Multiple Choice
Computer equipment was acquired at the beginning of the year at a cost of $65,000 that has an estimated residual value of $3,800 and an estimated useful life of 8 years. What is the annual straight-line depreciation for the equipment?
A) $7,650
B) $8,125
C) $13,000
D) $12,250
Correct Answer:
Verified
Correct Answer:
Verified
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