A company purchased equipment for $50,000. The equipment has a useful life of 10 years and a residual value of $5,000. Using the straight-line method, what is the annual depreciation expense?

A) $4,500
B) $5,000
C) $4,000
D) $4,750

Question

12-07-2024
Business

Answered

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A company purchased equipment for $50,000. The equipment has a useful life of 10 years and a residual value of $5,000. Using the straight-line method, what is the annual depreciation expense?

A) $4,500
B) $5,000
C) $4,000
D) $4,750

Sagot :

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