Question

A company uses the straight-line method of depreciation to determine the annual amount of an asset's value to depreciate. If the cost of the item is $250,000, the salvage Value is $10,000 and the estimated useful life is 8 years, which of the following is the annual amount to be depreciated?
A. $10,000
B. $30,000
C. $32,500
D. $50,000
E. $240,000

Answer

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