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    Exam 3: Adjusting and Closing Entries
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    A Piece of Equipment Cost $1,000 and Has a Salvage
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A Piece of Equipment Cost $1,000 and Has a Salvage

Question 54

Question 54

Multiple Choice

A piece of equipment cost $1,000 and has a salvage value of $200.If it has an 8-year life,the annual depreciation expense under straight-line depreciation would be:


A) $125.
B) $100.
C) $200.
D) $800.

Correct Answer:

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