On March 1, 20XX, Beta company acquired a fixed asset with an face value of $600,000. The entity chose the straight-line depreciation method. What will be the total amount of depreciation in 20XX (assuming the financial year ends December 31) if useful life of this PEE asset is 5 years?

Select one:

a. $100 000

b. $120 000

c. $60 000

d. $110 000