A company used straight-line depreciation for an item of equipment that cost $12,000, had a salvage value of $2,000, and had a five-year useful life. What is the depreciation expense for one year?
a. $1000.
b. $1800.
c. $2400.
d. $2000.
e. $2160.
Answer: d. $2000.
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Indicate whether the statement is true or false
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Answer the following statements true (T) or false (F)
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