Multiple Choice
A company purchased factory equipment on June 1, 2011, for ¥800,000.It is estimated that the equipment will have a ¥50,000 residual 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, 2011, is
A) ¥75,000.
B) ¥43,750.
C) ¥37,500.
D) ¥31,250.
Correct Answer:
Verified
Correct Answer:
Verified
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