Multiple Choice
Jed bought a car at the beginning of the year for $22,500. The car has an estimated life of 7 years and a salvage value of $5,000 at the end of the 7-year period. What is the depreciation using the straight-line method?
A) $27,500
B) $17,500
C) $3,929
D) $2,500
Correct Answer:
Verified
Correct Answer:
Verified
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