On January 1, 2021, Doolittle Company Purchased Furniture for $7,560

question 151

Multiple Choice

On January 1, 2021, Doolittle Company purchased furniture for $7,560.The company expects to use the furniture for three years.The asset has no salvage value.The book value of the furniture at December 31, 2022 is

• A)$0.
• B)$2,520.
• C)$5,040.
• D)$7,560.

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