Wayne Co purchased $40,000 of equipment with a salvage value of $5,000 and a useful life of nine years on August 15, 2016. If the company used sum-of-the-years'-digits depreciation computed to the nearest whole year, depreciation expense for 2017 was
A) $6,222
B) $7,000
C) $7,111
D) $8,000
B
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