Use the following information for questions 47-49.
On January 1, 2017, Bronson Co. purchased some equipment that initially cost $52,800. Additional costs included freight costs $300, non-refundable taxes $6,400, and installation $500. Estimated residual value is $2,000. The company uses a straight-line rate of 10%.
-Depreciation expense for 2017 was
A) $6,130.
B) $5,900.
C) $5,800.
D) $5,930.

Question

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The Answer of Use the following information for questions 47-49.
On January 1, 2017, Bronson Co. purchased some equipment that initially cost $52,800. Additional costs included freight costs $300, non-refundable taxes $6,400, and installation $500. Estimated residual value is $2,000. The company uses a straight-line rate of 10%.
-Depreciation expense for 2017 was
A) $6,130.
B) $5,900.
C) $5,800.
D) $5,930.

Use the Following Information for Questions 47-49