On January 1,2018,Jordan Company Acquired a Machine for $1,090,000

question 101

Multiple Choice

On January 1,2018,Jordan Company acquired a machine for $1,090,000.The estimated useful life of the asset is five years.Residual value at the end of five years is estimated to be $60,000.Calculate the depreciation expense per year using the straight-line method.

• A) $218,000
• B) $206,000
• C) $266,000
• D) $272,500

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