Balter Inc. acquired Jersey Company on January 1, 20X5. When the purchase occurred Jersey Company had the following information related to fixed assets: 
The building has a 10-year remaining useful life and the equipment has a 5-year remaining useful life. The fair value of the assets on that date were: 
What is the 20X5 depreciation expense Balter will record related to purchasing Jersey Company?
A) $8,000
B) $15,000
C) $28,000
D) $30,000
Correct Answer:
Verified
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