$6,000. Canliss would record 2018 depreciation of:
A. $3,500.
B. $4,400.
C. $5,400
D. None of these answer choices are correct.
Answer:C
$6,000. Canliss would record 2018 depreciation of:
A. $3,500. B. $4,400. C. $5,400 D. None of these answer choices are correct.
Explanation: Cost of replacement equipment of $6,000 less proceeds of $600 = $5,400.