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On June 30, 2024. Clooney Printers purchased a printer for $50,000. It expects the printer to last for four years and have a residual value

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On June 30, 2024. Clooney Printers purchased a printer for $50,000. It expects the printer to last for four years and have a residual value of $7,000. Compute the depreciation expense on the printer for the year ended December 31, 2024, using the straight-line method. A. $12,500 OB. $10,750 C. $5,375 D. $6,271

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