17. Carlton Company acquired a tract of land on June 30, 2003. The total cost of the land was $90,000. Carlton estimated that the land would be used for 10 years and then sold. Assuming the company uses straight-line depreciation, the total depreciation taken on the land for the year ended December 31, 2003should be:

A) amount cannot be determined without additional information

B) $ 9,000

C) $ 4,500

D) $ 0

Answer: D Difficulty: Medium