Parade Corp

Multiple Choice

Parade Corp. is a calendar year company. On June 30, 2010, Parade purchased a printing press for $280,000. Installation costs were $20,000. The printing press has an estimated 10 year life, at which time it will have a $10,000 salvage value. Using the straight line depreciation method, Parade's 2010 depreciation expense for this press is

A) $13,500.
B) $14,500.
C) $15,000.
D) $17,500.
E) none of the above