Dugger Excavating bought a machine for $24,000 on January 1,20X3, with a useful life of 5 years and a salvage value of $4,000.At the beginning of 20X4, Dugger finds the residual value will bezero.
Assuming Dugger employs
straightminus−line
depreciation, what will be the depreciation expense in20X4?
A.
$6,000
B.
$5,000
C.
$4,750
D.
$4,000
E.
$8,500
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