Multiple Choice
Equipment with a cost of $160 000 has an estimated residual value of $10 000 and an estimated useful life of four years. Using the straight-line method, what is the amount of depreciation for the first full year?
A) $37 500
B) $42 500
C) $41 250
D) $40 000
Correct Answer:
Verified
Correct Answer:
Verified
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