[The Following Information Applies to the Questions Displayed Below

question 128

Multiple Choice

[The following information applies to the questions displayed below.]
On April 30,2017,Tilton Products purchased machinery for $88,000.The useful life of this machinery is estimated at 8 years,with an $8,000 residual value.
-Assume that in its financial statements,Tilton Products uses straight-line depreciation and the half-year convention.Depreciation expense recognized on this machinery in 2017 and 2018 will be:

• A)$7,500 in 2017 and $11,000 in 2018.
• B)$6,000 in 2017 and $12,000 in 2018.
• C)$5,000 in 2017 and $10,000 in 2018.
• D)$5,500 in 2017 and $11,000 in 2018.

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