Mohr Company purchases a machine at the beginning of the year at a cost of $30,000. The machine is depreciated using the straight-line method. The machine's useful life is estimated to be 8 years with a $4000 salvage value. Depreciation expense in year 2 is:
A. $3750.
B. $0.
C. $3250.
D. $7500.
E. $26,000.
Answer: C
Business
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