On January 2, 2014, a Firm Purchased Equipment for $8,500

question 27

Multiple Choice

On January 2, 2014, a firm purchased equipment for $8,500. Depreciation expense for the year ending December 31, 2014, given the straight-line method, a 5-year useful life, and a salvage value of $1,500, is

• A) $1,500.
• B) $1,700.
• C) $1,200.
• D) $1,400.

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