Multiple Choice
A machine is purchased for $130 000.It is estimated that it has a useful life of 8 years and will then be sold for $10 000.Using the straight-line method calculate the amount of depreciation to be charged for each year of useful life.
A) $1625
B) $10 000
C) $16 250
D) $15 000
Correct Answer:
Verified
Correct Answer:
Verified
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