An Asset Has a Life of 3 Years

question 111

Multiple Choice

An asset has a life of 3 years.It cost $90,000 and has an expected salvage value of $15,000.Using straight-line depreciation,what is the depreciation expense each of the three years?

• A) $30,000
• B) $35,000
• C) $25,000
• D) $45,000

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