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What the amount to be recorded as depreciation expense

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Reference no: EM132745835

Problem 1: A company purchased factory equipment on April 1, 2017 for €240,000. It is estimated that the equipment will have a €30,000 residual (salvage) value at the end of its 10-year useful life. Using the straight-line method of depreciation, the amount to be recorded as depreciation expense at December 31, 2017 is

Option 1: €24,000.
Option 2: €18,000.
Option 3: €15,750.
Option 4: €21,000.

Reference no: EM132745835

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