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Weaver Copurchased $40, 000 of Equipment with a Salvage Value of of $5

Question 59

Multiple Choice

Weaver Co.purchased $40, 000 of equipment with a salvage value of $5, 000 and a useful life of nine years on August 15, 2010.If the company used sum-of-the-years'-digits depreciation computed to the nearest whole year, depreciation expense for 2011 was


A) $6, 222
B) $7, 000
C) $7, 111
D) $8, 000

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