Karen's purchased a piece of equipment for $42,000 with a useful life of seven years and a residual value of $6,000 on January 2, 2014. If Karen's used the sum-of-the-years'-digits method with the half-year convention, depreciation expense for 2014 was
A) $9,000.00
B) $10,500.00
C) $5,250.00
D) $4,500.00
Correct Answer:
Verified
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