Accounting
oimmonsnriciaruCompliance, Inc. purchased equipment for $35,000. The equipment is estimated to have a salvage value equal to 10% of the original cost. Annual depreciation expense using the straight-line method is $3,500. What is the equipment's useful life?
[removed] | A. | 11 years |
[removed] | B. | 8 years |
[removed] | C. | 9 years |
[removed] | D. | 10 years |
- 7 years ago
- 3
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