Multiple Choice
Computer equipment was acquired at the beginning of the year at a cost of $65,000 that has an estimated residual value of $3,000 and an estimated useful life of 5 years. Determine the 2nd year's depreciation using straight-line depreciation.
A) $26,000
B) $24,800
C) $12,400
D) $13,000
Correct Answer:
Verified
Correct Answer:
Verified
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