Use the following information to answer questions
On November 1, 2010, Shining purchased a new display case for $7,500. Shining paid an extra $600 for delivery costs, $200 for a platform needed underneath the case, and $900 for installation costs. The display case has a $500 estimated salvage value and a 10-year estimated useful life.
-How much depreciation expense on the new display case should Shining recognize in 2010?
A) $138.33
B) $145.00
C) $153.33
D) $725.00
E) $870.00
Correct Answer:
Verified
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