Multiple Choice
On September 1,Emil Rovey purchased a vehicle for $57,500 with a residual value of $7,500.The estimated useful life is 5 years and the company uses the straight-line method.What is the depreciation expense for the year ended December 31?
A) $3,333
B) $2,500
C) $10,000
D) $3,833
Correct Answer:
Verified
Correct Answer:
Verified
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