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1. On July 31, 2020, Dixon Company acquired equipment for $96,000. The expected useful life is 5 years and the residual value is $1,920. Compute
1. On July 31, 2020, Dixon Company acquired equipment for $96,000. The expected useful life is 5 years and the residual value is $1,920. Compute depreciation expense in 2020 under using sum of years digits. Round your answers to the nearest whole dollar. OA) $7,840 O B) $16,000 O C) $13,067 OD) $14,230
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