A company buys equipment for $48,000,expects to use it for ten years,and then sell it for $6,000.Using the straight-line method,the company should report annual depreciation for the equipment of:
A) $4,200.
B) $8,400.
C) $4,800.
D) $9,600.

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The Answer of A company buys equipment for $48,000,expects to use it for ten years,and then sell it for $6,000.Using the straight-line method,the company should report annual depreciation for the equipment of:
A) $4,200.
B) $8,400.
C) $4,800.
D) $9,600.

A Company Buys Equipment for $48,000,expects to Use It for Ten