A machine costing $49,000 has a life of 10 years. The salvage value is $10,000. It was purchased on February 1. The depreciation expense for the calendar year is: (Do not round any intermediary calculations. Round your final answer to the nearest dollar.)
A) $408.
B) $4492.
C) $325.
D) $3575.
D) $3575.
Explanation: [cost - salvage value]/useful life × months in year/12. Ex: [49,000 - $10,000]/10 × 11/12 = $3,575
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