At the beginning of 2009, Glass Manufacturing purchased a new machine for its assembly line at a cost of $600,000. The machine has an estimated useful life of 10 years and estimated residual value of $50,000. Under the straight-line method, how much depreciation would Glass record in 2013?

Select one:

a. $65,000.

b. $50,000.

c. $55,000.

d. $60,000.

Answer rating: 100% (QA)

C 55000 Calculation of Depreciation under Straightline method Cost Salvage Value ... View the full answer