A Company Purchased a Computer System on March 1

question 81

Multiple Choice

A company purchased a computer system on March 1. Its cost was $40,000, and it had an estimated salvage value of $5,000. It was expected to have a useful life of five years. To the nearest dollar, the depreciation for year 1 using straight-line depreciation will be: (Assume company year-end is December 31. Round any intermediary calculations to the nearest cent and your final answer to the nearest dollar.)

• A)$10,000.
• B)$8,750.
• C)$5,810.
• D)$6,563.

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