What Is the Depreciation Expense for the First Year Straight-Line

question 66

Multiple Choice

What is the depreciation expense for the first year straight-line method using the following? $$\begin{array} { | l | c | } \hline \text { Cost of Car } & \$ 26,000 \\\hline \text { Residual Value } & \$ 6,000 \\\hline \text { Life } & 5 \text { years } \\\hline\end{array}$$

• A)$4,400
• B)$5,200
• C)$4,000
• D)$6,000
• E)None of these

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