Autumn Resorts purchased guest room furniture on January 1, 2014 for $120,000.The furniture has an estimated useful life of ten years.What amount will appear on Autumn's income statement for depreciation expense for the year ending June 30, 2015?
A) $1,000
B) $6,000
C) $10,000
D) $12,000
Correct Answer:
Verified
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