On January 1, 2019, Mendez Inc. acquired a new machine for $93,375. Its estimated useful life is nine years with an expected salvage value of $3,375. Assuming straight-line depreciation, 2019 depreciation expense is
A) $7,875
B) $8,250
C) $9,500
D) $10,000
E) None of the above
Correct Answer:
Verified
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