On January 1,2010,Boyd Corporation Purchased a Piece of Equipment for $50,000,will

Multiple Choice

On January 1,2010,Boyd Corporation purchased a piece of equipment for $50,000,will pay $1,500 in property tax during the year,paid $500 to have it delivered,paid $1,000 to have it installed,paid $300 for 1 year of insurance,and paid $1,800 in sales tax.If the equipment has a ten year life and a $2,000 salvage value what will be the depreciation of the equipment for 2010 if straight-line depreciation is used.

A) $4,800
B) $5,330
C) $5,130
D) $5,150