Multiple Choice
On October 1 2022 Mann Company places a new asset into service.The cost of the asset is $120000 with an estimated 5-year life and $30000 salvage value at the end of its useful life.What is the depreciation expense for 2022 if Mann Company uses the straight-line method of depreciation?
A) $4500.
B) $24000.
C) $6000.
D) $12000.
Correct Answer:
Verified
Correct Answer:
Verified
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