Use the following information for questions below
On July 1,2019,Bronson Co.purchased some equipment that initially cost $52,800.Additional costs included freight costs $300,non-refundable taxes $6,400,and installation $500.Estimated residual value is $2,000.The company uses a straight-line rate of 10%.Bronson's fiscal year end is June 30.
-Depreciation expense for the 2020 fiscal year end is
A)$6,130.
B)$5,900.
C)$5,800.
D)$5,930.

Question

Quizplus · Accepted Answer

The Answer of Use the following information for questions below
On July 1,2019,Bronson Co.purchased some equipment that initially cost $52,800.Additional costs included freight costs $300,non-refundable taxes $6,400,and installation $500.Estimated residual value is $2,000.The company uses a straight-line rate of 10%.Bronson's fiscal year end is June 30.
-Depreciation expense for the 2020 fiscal year end is
A)$6,130.
B)$5,900.
C)$5,800.
D)$5,930.

Use the Following Information for Questions Below