Use the following information for questions:
On January 1, 2011, Mary Co.purchased some equipment that cost $52,800.Freight costs were $300, sales taxes were $6,400, and installation $500.Estimated residual value is $2,000.The company uses a straight-line rate of 10%.
-Amortization expense for 2011 was:
A)$6,130
B)$5,900
C)$5,800
D)$5,930

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The Answer of Use the following information for questions:
On January 1, 2011, Mary Co.purchased some equipment that cost $52,800.Freight costs were $300, sales taxes were $6,400, and installation $500.Estimated residual value is $2,000.The company uses a straight-line rate of 10%.
-Amortization expense for 2011 was:
A)$6,130
B)$5,900
C)$5,800
D)$5,930

Use the Following Information for Questions