Multiple Choice
On Jan. 2, 2010, Doric Company purchased a new machine for $75,000. Doric expects the machine to have a useful life of 10 years and $5,000 salvage value. What is the accumulated depreciation on the machine at the end of 2012?
A) $ 7,000
B) $ 7,500
C) $14,000
D) $21,000
E) $22,500
Correct Answer:
Verified
Correct Answer:
Verified
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