A Machine That Was Purchased on January 1 for $60,000

question 73

Multiple Choice

A machine that was purchased on January 1 for $60,000 has an estimated salvage value of $12,000.If the machine's depreciation rate is 20%, its annual depreciation is

• A)$12,000.
• B)$48,000.
• C)$9,600.
• D)$14,400.

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