Multiple Choice
On January 1,Able Company purchased equipment costing $135,000 with an estimated salvage value of $10,500,and an estimated useful life of five years.What is the amount that should be recorded as depreciation on December 31?
A) $27,000
B) $24,900
C) $29,100
D) $135,000
E) $10,500
Correct Answer:
Verified
Correct Answer:
Verified
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