Maxine,Inc

question 222

Multiple Choice

Maxine,Inc.bought a machine on January 1,2012 for $48,000.The machine is expected to last for 8 years,after which it will be worthless.How much depreciation expense will Maxine show on its income statement for the year ended December 31,2012?

• A)$48,000
• B)$8,000
• C)$6,000
• D)$0.Depreciation expense does not appear on the income statement.

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