Assume a firm has acquired an asset for $100,000 on January 1, Year 1.The asset has a 6-year life and a salvage value of $10,000.The firm calculates the depreciation expense using the straight-line depreciation. What was the depreciation for Year 4?
A) $10,000
B) $15,000
C) $20,000
D) $25,000
E) $30,000

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The Answer of Assume a firm has acquired an asset for $100,000 on January 1, Year 1.The asset has a 6-year life and a salvage value of $10,000.The firm calculates the depreciation expense using the straight-line depreciation. What was the depreciation for Year 4?
A) $10,000
B) $15,000
C) $20,000
D) $25,000
E) $30,000

Assume a Firm Has Acquired an Asset for $100,000 on January