Mitchell Corporation bought equipment on January 1, 2022.The equipment cost $300,000 and had an expected salvage value of $50,000.The life of the equipment was estimated to be 6 years.The depreciation expense using the straight-line method of depreciation is
A)$58,333.
B)$60,000.
C)$41,667.
D)none of these answer choices are correct.

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The Answer of Mitchell Corporation bought equipment on January 1, 2022.The equipment cost $300,000 and had an expected salvage value of $50,000.The life of the equipment was estimated to be 6 years.The depreciation expense using the straight-line method of depreciation is
A)$58,333.
B)$60,000.
C)$41,667.
D)none of these answer choices are correct.

Mitchell Corporation Bought Equipment on January 1, 2022