Use the Following Information for Questions Below

question 53

Multiple Choice

Use the following information for questions below
On July 1,2019,Bronson Co.purchased some equipment that initially cost $52,800.Additional costs included freight costs $300,non-refundable taxes $6,400,and installation $500.Estimated residual value is $2,000.The company uses a straight-line rate of 10%.Bronson's fiscal year end is June 30.
-Depreciation expense for the 2020 fiscal year end is

• A)$6,130.
• B)$5,900.
• C)$5,800.
• D)$5,930.

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Definitions:

Monounsaturated Fats

A type of healthy fat found in various oils and nuts that can help to lower bad cholesterol levels.

Cholesterol

A waxy, fat-like substance found in all cells of the body, necessary for making hormones, vitamin D, and substances that help digest foods.

Dysphagia

Difficulty or discomfort in swallowing, as a symptom of disease.

Nursing Assistant Personnel (NAP)

Healthcare workers who assist patients with daily activities, under the supervision of nursing and medical staff, in various settings like hospitals and nursing homes.