On January 1,2011,Fred McGriff Company Bought Office Computers That Cost

Multiple Choice

On January 1,2011,Fred McGriff Company bought office computers that cost $43,000,with an estimated useful life of 10 years and an estimated salvage value of $3,000.The company uses the straight-line method of depreciation and has a calendar year end.For the year ended December 31,2012,McGriff Company will report depreciation expense of ________ on the ________.

A) $4,300; statement of cash flows
B) $4,300; income statement
C) $4,000; income statement
D) $4,000; statement of cash flows