A Machine Has a Cost of $15,000,an Estimated Residual Value

question 105

Multiple Choice

A machine has a cost of $15,000,an estimated residual value of $3,000,and an estimated useful life of four years.The machine is being depreciated on a straight-line basis.At the end of the second year,what amount will be reported for accumulated depreciation?

• A)$9,000.
• B)$6,000.
• C)$7,500.
• D)$3,000.