Cramer Company purchased equipment on May 1,2019 for $200,000.The residual value is $20,000 and the estimated useful life is 10 years.What is the Depreciation Expense for the year ending December 31,2019,if the company uses the straight-line method? (Round your final answer to the nearest dollar. )
A) $13,333
B) $12,000
C) $20,000
D) $18,000
Correct Answer:
Verified
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