Multiple Choice
New equipment was purchased on January 1 for $142,000.It has a salvage value of $28,000 and a useful life of 8 years.To the nearest dollar,how much will the depreciation expense for the equipment be for the first year using the straight-line method?
A) $1,188
B) $17,750
C) $1,479
D) $14,250
Correct Answer:
Verified
Correct Answer:
Verified
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