Answer:
Assuming straight-line depreciation, 2019 depreciation expense is $60,000. The right answer is d
Explanation:
In order to calculate the 2019 depreciation expense we would have to calculate first the depreciable cost as follows:
depreciable cost=cost of machine-salvage value
depreciable cost=$560,250-$20,250
depreciable cost=$540,000
According to given data estimated useful life is nine years, therefore, the 2019 depreciation expense=depreciable cost/useful life
2019 depreciation expense=$540,000/9
2019 depreciation expense=$60,000
Assuming straight-line depreciation, 2019 depreciation expense is $60,000
