Multiple Choice
On January 1,2018,Orangewood Industries bought a new cash register for $7,500.Orangewood plans to use the cash register for 4 years and then sell it for $600.If Orangewood uses straight-line depreciation,depreciation expense for the year ended December 31,2018 equals:
A) $1,725.
B) $5,625.
C) $1,875.
D) $5,775.
Correct Answer:
Verified
Correct Answer:
Verified
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