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What the depreciation expenses on december will be

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Problem 1: Ariana Self Storage purchased an equipment on October 1, 2005 for $250,000. The company uses the straight line method, the estimated useful life is 5 years (30,000 units), with estimated residual value of $60,000. The depreciation expenses on December 31, 2005 will be:

a. $9,500
b. $240,500
c. $38,000
d. $30,000

Reference no: EM132749677

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