Carlton Company Acquired a Tract of Land on June 30,2008

Multiple Choice

Carlton Company acquired a tract of land on June 30,2008.The total cost of the land was $90,000.Carlton estimated that the land would be used for 10 years and then sold.Assuming the company uses straight-line depreciation,the total depreciation taken on the land for the year ended December 31,2003should be:

A) amount cannot be determined without additional information
B) $ 9,000
C) $ 4,500
D) $ 0