On July 31,2015,Colora Printers purchased a printer for $50,000.It expects the printer to last for four years and has a residual value of $2,000.Compute the depreciation expense on the printer for the year ended December 31,2015,using the straight-line method.
A) $50,000
B) $5,000
C) $12,500
D) $25,000
Correct Answer:
Verified
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