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Question 128

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On April 30,2017,Tilton Products purchased machinery for $88,000.The useful life of this machinery is estimated at 8 years,with an $8,000 residual value.
-Assume that in its financial statements,Tilton Products uses straight-line depreciation and the half-year convention.Depreciation expense recognized on this machinery in 2017 and 2018 will be:


A) $7,500 in 2017 and $11,000 in 2018.
B) $6,000 in 2017 and $12,000 in 2018.
C) $5,000 in 2017 and $10,000 in 2018.
D) $5,500 in 2017 and $11,000 in 2018.

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