ACC MCQ
ACC101 Chapter 8
A company purchased a plant asset for $45,000. The asset has an estimated salvage value of $6,000, and an estimated useful life of 10 years. The annual depreciation expense using the straight-line method is
A company purchased a plant asset for $45,000. The asset has an estimated salvage value of $6,000, and an estimated useful life of 10 years. The annual depreciation expense using the straight-line method is
A company purchased a plant asset for $45,000. The asset has an estimated salvage value of $6,000, and an estimated useful life of 10 years. The annual depreciation expense using the straight-line method is
a. $3,000 per year.
b. $9,300 per year.
c. $3,600 per year.
d. $3,900 per year.
e. $4,500 per year.
Answer: D
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