Avatar,Inc

question 113

Multiple Choice

Avatar,Inc.bought a machine on January 1,2011 for $96,000.The machine is expected to last for 8 years,after which it will be worthless.How much depreciation expense will Avatar show on its balance sheet at December 31,2011?

• A)$96,000
• B)$16,000
• C)$12,000
• D)$0.Depreciation expense does not appear on the balance sheet.

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