On January 1, 2019, Ray Roberto, Inc. acquired a new machine for $560,250. Its estimated useful life is nine years with an expected salvage value of $20,250. Assuming straight-line depreciation, 2019 depreciation expense is:.a) $47,250 b) $49,500 c) $57,000 d) $60,000

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

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