Multiple Choice
A forklift had a purchase price of $18,000, delivery costs of $2,000, a physical life of 6 years and a useful life of 4 years. Estimated residual value is zero. The annual depreciation charge using the straight-line method is:
A) $1,667.
B) $3,000.
C) $2,500.
D) $5,000.
Correct Answer:
Verified
Correct Answer:
Verified
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