What is the straight-line depreciation for one year

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Question - Don's Landscaping Service purchased a backhoe for $12,000. It has a useful life of five years and a residual value of $1,750.

Based on this information, what is the straight-line depreciation for one year for this asset?

1. $10,250

2. $2,400

3. $1,025

4. $2,050

Reference no: EM132625799

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