On June 1, 2014, Aaron Company Purchased Equipment at a Cost

question 2

Multiple Choice

On June 1, 2014, Aaron Company purchased equipment at a cost of $120,000 that has a depreciable cost of $90,000 and an estimated useful life of 3 years and 30,000 hours. Using straight line depreciation, calculate depreciation expense for the first year.

• A) $17,500
• B) $30,000
• C) $12,500
• D) $40,000

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