Multiple Choice
Avalon Industries buys equipment for $24,000,expects to use it for ten years,and then sell it for $3,000.Using the straight-line method,the company should report annual depreciation for the equipment of:
A) $2,100.
B) $4,200.
C) $2,400.
D) $4,800.
Correct Answer:
Verified
Correct Answer:
Verified
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