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At the beginning of year 1, Valerie Corp. purchases equipment for $10,000. The equipment has a residual value of $4,000 and an expected service life of 4 years. What is straight-line depreciation for year 1?
a. $1,500.
b. $6,000.
c. $1,000.
d. $4,000.

Sagot :

Gurleendoel16idn

Answer:

a. $1,500.

Explanation:

That's the right answer. Hope that helps.

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