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On May 1, 2017, Pinkley Company sells office furniture for $300,000 cash. The office furniture originally cost $750,000 when purchased on January 1, 2010. Depreciation

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On May 1, 2017, Pinkley Company sells office furniture for $300,000 cash. The office furniture originally cost $750,000 when purchased on January 1, 2010. Depreciation is recorded by the straight- line method over 10 years with a salvage value of $75,000. What depreciation expense should be recorded on this asset in 2017? Select one: a. $22,500 b. $25,000 c. $67,500. d. $33,750

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