Multiple Choice
On Jan. 2, 2010, Wright Construction Co. purchased equipment for $50,000. Wright expects to use the equipment for three years, at which time it will have an estimated salvage value of $27,500. What is the depreciation expense for 2010?
A) $ 7,500
B) $ 9,167
C) $16,667
D) $27,500
E) $50,000
Correct Answer:
Verified
Correct Answer:
Verified
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