Multiple Choice
A company purchased a computer system on March 1.Its cost was $35,000,and it had an estimated salvage value of $5,000.It was expected to have a useful life of four years.To the nearest dollar,the depreciation for year 1 using straight-line depreciation will be:
A) $8,750.
B) $7,500.
C) $6,250.
D) $5,625.
Correct Answer:
Verified
Correct Answer:
Verified
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