On January 1, Weldon Weston Co. purchased equipment for $250,000. It has an estimated useful life of five years and its residual value is $25,000. The company has a calendar year-end. Using the straight-line method, depreciation expense for the first year of its life equals:
A. $100,000.
B. $45,000.
C. $50,000.
D. $90,000.
Answer: B
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