Using the Straight-Line Method, Depreciation for 2009 and Book Value

Multiple Choice

Using the straight-line method, depreciation for 2009 and book value at December 31, 2009, would be:

A) $10,000 and $30,000.
B) $11,250 and $28,750.
C) $10,000 and $35,000.
D) $11,250 and $33,750.Depreciation in 2009 = ($45,000 5,000) 4 = $10,000 Book value, 12/31/09 = $45,000 10,000 = $35,000