Multiple Choice
On January 1, 2015, Anodel Inc. acquired a machine for $1,000,000. The estimated useful life of the asset is 5 years. Residual value at the end of 5 years is estimated to be $50,000. Calculate the depreciation expense per year using the straight-line method.
A) $200,000
B) $190,000
C) $240,000
D) $250,000
Correct Answer:
Verified
Correct Answer:
Verified
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