Multiple Choice
Use the information below to answer the following questions.
Alby Ltd purchased a machine for $32,000 on 1 January 2010. The machine was expected to have a useful life of 4 years. The financial year ends on 31 December. The straight-line method of depreciation is employed.
-What was the depreciation expense for year ended 31 December 2010?
A) $10 500
B) $9250
C) $8500
D) $8000.
Correct Answer:

Verified
Correct Answer:
Verified
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