An asset purchased for $130,000 on the first day of the fiscal year with a useful life of 5 years has an annual depreciation expense of
A)$25,000.
B)$125,000.
C)$26,000.
D)$2,167.

Question

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The Answer of An asset purchased for $130,000 on the first day of the fiscal year with a useful life of 5 years has an annual depreciation expense of
A)$25,000.
B)$125,000.
C)$26,000.
D)$2,167.

An Asset Purchased for $130,000 on the First Day of the Fiscal