Fundamentals of Financial Accounting 4th Edition by Fred Phillips,Robert Libby,Patricia Libby

تمرين 51

Thornton Industries purchased a machine on July 1, 2013, for $45,000 and is depreciating it with the straight-line method over a life of 10 years, using a residual value of $3,000. Depreciation Expense for the machine for the year ended December 31, 2013, is
A) $2,100
B) $2,250
C) $4,200
D) $4,500