Fill This Form To Receive Instant Help
Fill This Form To Receive Instant Help
Homework answers / question archive / On September 1, 2010, Dulzura Company purchased an asset for $9,000, with a $1,500 estimated salvage value, and a 4-year useful life
On September 1, 2010, Dulzura Company purchased an asset for $9,000, with a $1,500 estimated salvage value, and a 4-year useful life. The 2010 depreciation expense using the straight-line method would be:
a. $625.
b. $2,250.
c. $750.
d. $1,875.
Answer:
d .
Step-by-Step explanation
Depreciation expense = (Cost - Salvage value) / Estimated useful life
= ($9,000 - $1,500) / 4 years
= $7,500 / 4 years
= $1,875
