Multiple Choice
Oakland Company owns a fixed asset with an original cost of $100,000.The company estimates it will use the fixed asset for 5 years,at which time the fixed asset will be sold for $10,000.The annual depreciation expense is ________.
A) $0
B) $10,000
C) $18,000
D) $20,000
Correct Answer:
Verified
Correct Answer:
Verified
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