Multiple Choice
On April 1, 2019, Veronica, Inc. acquired a new machine for $480,000. Its estimated useful life is eight years with an expected salvage value of $48,000.
Assuming straight-line depreciation, 2019 depreciation expense is:
A) $54,000
B) $40,500
C) $45,000
D) $60,000
Correct Answer:
Verified
Correct Answer:
Verified
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