Multiple Choice
On September 1,a machine with a useful life of 8 years and a residual value of $3,000 was purchased for $47,000.What is depreciation expense in the year of purchase under straight-line depreciation assuming a December 31 year-end?
A) $3,917
B) $3,667
C) $1,958
D) $1,833
Correct Answer:
Verified
Correct Answer:
Verified
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