Question: ABC Co. uses half year convetion method for depreciation. The company purchased an equipment in December, 2021 that costs $75,000 with a useful life

ABC Co. uses half year convetion method for depreciation. The company purchased

ABC Co. uses half year convetion method for depreciation. The company purchased an equipment in December, 2021 that costs $75,000 with a useful life of 10 years and an estimated salvage value of $5,000. How much is the depreciation expense for 2021 (assume that there is no more depreciable asset)? Select one: a. 7500 b. 5000 c. 7000 d. 3500

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