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astering Depreciation ction 3-THE STRAIGHT-LINE METHOD OF DEPRECIATION Assume all companies are on a calendar year unless otherwise stated On January 1, 20X1, your company,

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astering Depreciation ction 3-THE STRAIGHT-LINE METHOD OF DEPRECIATION Assume all companies are on a calendar year unless otherwise stated On January 1, 20X1, your company, which uses the straight-line method, purchases 3 machines, recorded as follows: Useful Life 5 years 10 years 10 years Salvage Value Machine No. 1 Machine No. 2 Machine No. 3 Cost 6,000 6,000 11,000 $1,000 1,000 1,000 What is total 20X1 depreciation for the 3 machines? a. $2,500 b. $2,900 c. $1,250 d. $5,000 DepCo uses the straight-line method. Assets purchased between the 1s and 15th are depreciated for the entire month; assets purchased after the 15th as th acquired the following month. On March 20, 20X1, DepCo purchases for $9 printer that it expects to last for 5 years and to have a residual value of $2,000. What is 20X1 depreciation expense for the printer? a. $1,000 ough they were ,000 a $800 C.$1,050 $250 DepCo uses the straight-line method. Assets purchased beture

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