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9. An asset cost $33,000. It has an expected useful life of 5 years and an expected salvage value of $3,000. Depreciation expense for the
9. An asset cost $33,000. It has an expected useful life of 5 years and an expected salvage value of $3,000. Depreciation expense for the first year of the asset's life using the straight-line method is
a. | $6,000. |
b. | $6,600. |
c. | $10,000. |
d. | $13,200. |
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