Multiple Choice
Byrons,Inc.acquired a piece of equipment on January 3,2010.The total cost of the equipment was $28,500.Byrons estimated that the equipment would be used for 6 years before being sold for an estimated $4,500.Assuming the use of straight-line depreciation,the total depreciation expense for the year ended December 31,2010 was:
A) $ 4,000
B) $ 4,750
C) $ 5,500
D) $20,000
Correct Answer:
Verified
Correct Answer:
Verified
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