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TB MC Qu. 03-205 A company purchased new furniture at a cost... A company purchased new furniture at a cost of $14,000 on Sep
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Answer #1
Option C . $ 13,625
Cost $14,000
Salvage Value $2,000
Depreciable Value $12,000
Useful Life 8
Depreciation for 1st year (12000/8*3/12) $375
Book Value (14000-375) $13,625
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