Multiple Choice
On January 1,Baker Co.purchased equipment for $100,000.It has an estimated useful life of five years and its residual value is $10,000.The company has a calendar year-end.Using the straight-line method,depreciation expense for the first year of its life equals:
A) $18,000.
B) $20,000.
C) $36,000.
D) $40,000.
Correct Answer:
Verified
Correct Answer:
Verified
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