Equipment was purchased on June 1 at a cost of $12,000 . The asset has an estimated useful life of 4 years and no trade-in value. The straight-line depreciation that will be recorded for this equipment on December 31, the end of the year that the asset was put in service, will total:
a. $3,000
b. $2,000
c. $1,750
d. $5,000
e. $1,500
c
Business
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