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At the beginning of year 1, Valerie Corp. purchases equipment for $10,000. The equipment has a residual value of $4,000 and an expected service life of 4 years. What is straight-line depreciation for year
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At the beginning of year 1, Valerie Corp. purchases equipment for $10,000. The equipment has a residual value of $4,000 and an expected service life of 4 years. What is straight-line depreciation for year 1?

a. $1,500.
b. $6,000.
c. $1,000.
d. $4,000.

User Appster
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1 Answer

9 votes

Answer:

a. $1,500.

Step-by-step explanation:

That's the right answer. Hope that helps.

User Shane Davies
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