Question:XYZ Company purchased some equipment for $120,000 on July 1 of Year 1. The equipment has an estimated useful life of 10 years and an estimated salvage value of $7,500. XYZ Company computes depreciation on a straight-line basis. How much depreciation should be recorded for Year 1? 

A $12,000 
B $11,250 
C $6,000 
D $5,625 

+ Answer
B 

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Md. Habib Ullah

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