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26-09-2019
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Howell Corporation purchased a new machine costing $27,600 on January 1, 2017. The machine is expected to have a $1,800 salvage value at the end of its useful life of six years. What is the depreciation expense that Howell Corporation records for 2017 using the straight line method?

(A) $1,800
(B) $4,300
(C) $4,900
(D) $4,600

Respuesta :

facundobuzzetti facundobuzzetti

27-09-2019

Answer:

The correct answer is B: $4,300

Explanation:

Giving the following information:

Howell Corporation purchased a new machine costing $27,600 on January 1, 2017. The machine is expected to have a $1,800 salvage value at the end of its useful life of six years.

Depreciation= (purchase value - salvage value)/ useful life

Depreciation= (27600 - 1800)/6= 4300

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