On June 30,2018,Clooney Printers Purchased a Printer for $60,000

question 118

Multiple Choice

On June 30,2018,Clooney Printers purchased a printer for $60,000.It expects the printer to last for four years and have a residual value of $9000.Compute the depreciation expense on the printer for the year ended December 31,2018,using the straight-line method.(Round any intermediate calculations to two decimal places,and your final answer to the nearest dollar.)

• A) $12,750
• B) $6375
• C) $15,000
• D) $7438

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