Kizspy | Question: 10
(Choose 1 answer)
Thomas Enterprises purchased a depreciable asset on January 1, 2008 at a cost of $100,000 and use straight-line method to estimate depreciation expense.The asset is expected to have a salvage value of $15,000 at the end of its five-year useful life. Balance of accumulated depreciation of this asset at the end of 2009 is:
A. $27540
B. $21600
C. $34000
D. $17000
Ε. $90000
