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A company purchased an asset for $100,000. The asset is expected to last for 10 years, with no residual value at the end of its

A company purchased an asset for $100,000. The asset is expected to last for 10 years, with no residual value at the end of its useful life. Assume that the company has adopted a partial-year depreciation policy. Half of a year's depreciation is taken in the year of purchase and sale, while a full years depreciation is applied to the remaining years. Therefore, the amount of depreciation recorded in the year of purchase is:

a. $0

b. $15,000

c. $10,000

d. $5,000

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