Hidd Company purchased an equipment costing $72,000 on July 1, 2021. The straight-line depreciation method is used to calculate the depreciation oexpense. The asset's useful life is 6 years with a salvage value of $12,000. Hidd Company depreciation expense in 2021 will be: O A. $12,000. O B. $10,000. OC. $5,000. O D. None of the answers.

FINANCIAL ACCOUNTING
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Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Question 11
Hidd Company purchased an equipment costing $72,000 on July 1, 2021. The straight-line depreciation method is used to calculate the depreciation expense. The asset's useful life is 6
years with a salvage value of $12,000. Hidd Company depreciation expense in 2021 will be:
O A. $12,000.
O B. $10,000.
O C. $5,000.
O D. None of the answers.
Transcribed Image Text:Question 11 Hidd Company purchased an equipment costing $72,000 on July 1, 2021. The straight-line depreciation method is used to calculate the depreciation expense. The asset's useful life is 6 years with a salvage value of $12,000. Hidd Company depreciation expense in 2021 will be: O A. $12,000. O B. $10,000. O C. $5,000. O D. None of the answers.
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