Multiple Choice
On June 1,Michael Company purchased equipment at a cost of $120,000 that has a depreciable cost of $90,000 and an estimated useful life of 3 years or 30,000 hours. Using straight-line depreciation,calculate depreciation expense for the second year.
A) $17,500
B) $12,500
C) $30,000
D) $40,000
Correct Answer:
Verified
Correct Answer:
Verified
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