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

question 71

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.

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