Multiple Choice
Bronze Company purchased a furnace for $10,000. The life of the furnace is estimated to be 5 years, and its trade-in value at the end of 5 years is $4,000. The yearly depreciation for the furnace is _____.
A) $1,200
B) $3,100
C) $900
D) $2,250
Correct Answer:
Verified
Correct Answer:
Verified
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